Questions surround buy-side tech consortium Hub

Little has been heard of the company formed by Pimco, Man Group, State Street, IHS Markit, Microsoft, and McKinsey since their announcement in January 2021.

Credit: piranka

On January 7, 2021, a powerhouse of six large companies—Pimco, Man Group, IHS Markit, State Street, Microsoft and McKinsey—collectively announced they were forming a new company, called Hub. The aim of the collective was to “reimagine” asset management firms’ operating model with a cloud-based platform.

Two-and-a-half years later, the company has relatively little to show for it—at least, not publicly. Sources for this story have either heard mere whispers of what Hub plans to do or close to

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