China Life Selects Markit’s Enterprise Data Management Platform

China Life Asset Management Company (CLAMC) has selected Markit’s enterprise data management (EDM) platform as a hub for the company’s securities, pricing, positions and transaction data.
By Janet Du Chenne(59204)
China Life Asset Management Company (CLAMC) has selected Markit’s enterprise data management (EDM) platform as a hub for the company’s securities, pricing, positions and transaction data.

Co-funded by China Life Insurance (Group) Company and China Life Insurance Company, CLAMC has $300 billion in assets under management.

“This is a significant contract to win in the Chinese market. Our insurance asset management credentials, experience with the software platforms used by CLAMC and local presence were deciding factors in our successful bid,” said Daniel Simpson, managing director and head of enterprise software at Markit.

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