Loomis Sayles, a US-based investment management firm with approximately $156 billion under management, has selected the Cadis Enterprise Data Management (Cadis EDM) platform to centralize its data management processes.
Officials say Cadis will enhance the firm’s infrastructure, delivering cleansed and validated data while allowing for increased transparency and data governance throughout the organization.
During a successful proof-of-concept, Cadis proved it could rapidly create a data hub, empowering users by consuming data from numerous sources, cleansing, validating, mastering and distributing data to different mission-critical systems. Phase one of the implementation will include the security and issuer masters.
Mark Weiss, director of enterprise data management at Loomis Sayles, says the decision to work with Cadis was based on a number of factors, including a solid track record of successful implementations, a flexible data model, customer recommendations and a strong North American presence. He adds that Cadis proved it had the ability to meet Loomis Sayles' unique data management requirements quickly and efficiently, enabling it to rapidly satisfy business users' demands.
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