Swip signs with CAfIT

PORTFOLIO MANAGEMENT AND TRADING

EDINBURGH, UK -- Scottish Widows Investment Partnership (Swip) based in Edinburgh, has signed with fixed-income systems provider, CAfIT, for 20 licences of the vendor’s Fixed Income Portfolio Analytics (Fipa) system. Swip, one of the biggest fund managers in the UK and Europe, with around £85 billion ($134 billion) in funds under management, is expected to be live with certain Fipa functions in July this year, and the entire installation is scheduled to be complete by the end of 2003.

Fipa

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