Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced that Nationwide has selected its thinkFolio platform for portfolio and trade management across all asset classes. Nationwide, the US-based mutual insurance company, holds more than $158 billion in assets.
As part of this initiative, thinkFolio will support Nationwide for enhanced portfolio management trade generation and compliance. Nationwide will also leverage the solution to help streamline investment workflow capabilities.
“With multiple asset classes, investment styles and jurisdictions, today’s portfolio managers need solutions which consist of more than just trade input screens,” said Andrew Walsh, managing director and head of thinkFolio at Markit. “We will provide Nationwide with the tools it needs in order to focus further on core portfolio management and trade activities while reducing operational risk. This new relationship between Markit and Nationwide is a testament to the strength of our solution and we are excited to be working with a leader in the US insurance market.”