Aegon Selects Markit EDM for Global Data Management

Aegon Asset Management will use Markit’s Enterprise Data Management (EDM) platform to support data management processes in its U.S. and Netherlands operations.

Aegon Asset Management became a Markit EDM customer in 2005 when Kames Capital, previously Aegon Asset Management UK, implemented the platform to take control of its data management operations. Markit EDM also acts as the firm’s Investment Book of Record (IBOR) and historical database for reporting.

Keith Rake, global COO, Aegon Asset Management said: “The value already being delivered to the U.K. unit from its implementation convinced our U.S. and Dutch operations that it was the best choice for our long-term global data management strategy.”