LONDON, October 9 /PRNewswire/ --
- Global Data Management Solution Covering Reference Data, CorporateActions and Pricing Data Management
Asset Control, a leading provider of Centralized Data Management (CDM)solutions to the financial industry, today announced that Paris-based CalyonCorporate and Investment Bank has selected Asset Control's flagship product,AC Plus, as their centralized data management platform for reference data,corporate actions and pricing data across its financial and commoditiesmarkets. The global solution will be implemented in a phased approach,beginning with centralizing the firm's market data.
"In an extensive vendor comparison, part of our criteria for selecting adata management solution was to find a vendor that could offer a flexible,robust solution capable of centralizing Calyon's data for the risk, middleand back office, globally across all departments, to underpin our criticalbusiness applications," said Louis Tréhondart, Managing Director of Calyon."Following a thorough analysis of the marketplace, we found that AssetControl's AC Plus was a cost effective solution to deploy, offering improvedbusiness benefits and value, both short and long term.
The solution will manage data from external data sources as well asinternal sources, and will include equity, fixed income, foreign exchange,derivatives and commodities data. AC Plus will consolidate the management ofCalyon's reference data, corporate actions, and pricing data. Calyon willadditionally utilize Asset Control's workflow to improve process management,ensuring efficient handling of the data to users and applications. Theresulting high-quality consolidated information will be distributed to manydiverse applications within the risk, middle and back-office, within Calyon.With a centralized database in Paris, Calyon users globally will access thesolution via the AC Desktop.
"Planning to centralize data management globally, across multiplebusiness lines is a significant undertaking. Key in these decisions is havingthe confidence in the capabilities of the chosen technology and thesolution's ability to provide quality data management. We are pleased to haveproven our world-class off-the-shelf solution and our years of expertise tosuch a prestigious firm as Calyon and are delighted to have them join ourfamily of clients." said Ger Rosenkamp, CEO of Asset Control.
About Calyon
Calyon is the Corporate and Investment Bank of the Crédit Agricole Group.Backed by Crédit Agricole S.A.'s credit ratings and financial solidity,Calyon is positioned as a major player in financial markets and amongEurope's leading corporate and investment banks by revenues. With a staff of13,000 employees in 55 countries, Calyon offers its large corporate andfinancial institution clients increased investment capacity in the world'sfinancial markets. Calyon's activities are organized into two majordivisions, Capital Markets, Brokerage, and Investment Banking and theFinancing Division.
About Asset Control
Asset Control is the world's leading provider of Centralized DataManagement (CDM) to financial industry firms. With a complete range ofin-house and outsourced options, Asset Control delivers Total Data Management(TDM), a hybrid approach to data management. The selection of developertools, turnkey software solutions and outsourced services enable users tooptimize their investment data for efficiency, cost control, reducedoperational risk and increased value from their data.
Derived from the robust and reliable AC Plus modular framework, the AssetControl product set includes data solutions addressing market risk,counterparty credit risk, security master, research and corporate actions, aswell as global data networking and administration. Handling data from vendorsand in-house systems, these solutions collect, validate, normalize, andconsolidate data into cleansed composite "golden copy" sets for business use.
Customers include Abbey National, ABN AMRO, Allied Irish Banks PLC,Barclays Capital, Barclays Global Investors, Bayerische Landesbank, BBVA,Calyon, Commerzbank, Convexity Capital Management, E*TRADE Securities, LLC,IBM (Dresdner Bank), Grupo Santander, Harvard Management Company, HSHNordbank, HypoVereinsbank, ING, LCH.Clearnet, Robeco Groep, Société Générale,Standard Bank, Standard Chartered, Union Investment and Wachovia Corporationas well as a super-major global energy group. Established in 1991, AssetControl is a privately held firm with operations in London, New York and theNetherlands. For more information please visit www.asset-control.com.
Asset Control International BV
Contact: Joanne Ferrara, Marketing Communications, T: +1-212-445-1076, M: +1-631-748-8224, jferrara@asset-control.com
