M&G Investments, the asset management division of Prudential, has selected MoneyMate, an investment data management solutions provider for investment managers, to implement DataManager to ensure the accurate, efficient and controlled delivery of M&Gs fund product data to internal departments, external agencies and external clients.
DataManager will host M&Gs range of over 50 retail funds, acting as the firms central hub for fund data. The data solution will centralize the governance of dynamic and static fund data, facilitating its use via variable formats and providing validation checks.
The implementation follows changing demand from M&G’s clients, increasing product complexity and geographic expansion plans, whereupon the investment manager sought a flexible and scalable solution that would support future business needs.
M&G Retail COO Laurence Mumford commented: Our clients demand timely and accurate data from us at all times. We recognize that by centralizing the management of product data through the use of MoneyMates DataManager solution we will be in the optimum position to continue to deliver data to the same high standard as our business grows and client demands increase.
Conor Smyth, SVP global sales at MoneyMate. Implementing DataManager will enable M&G to enhance the oversight and control of all of their product information, ensuring it is always available in a timely, accurate and consistent manner, allowing them to deliver best-in-class client service.
DataManager is currently being implemented at M&G with phases going live over the coming quarter. Upon implementation, M&G will maintain control through its own specialist department working closely with MoneyMate.
(JDC)