Citadel Associates, the provider of enterprise Data Management (EDM) systems for the buy-side, today announced that Principal Global Investors has selected CADIS as its global data management platform.
With CADIS, Citadel’s component-based platform for the management of corporate data, Principal Global Investors can benefit from the company’s Investment Solutions Layer approach for handling multiple data sources.
Principal Global Investors is a diversified asset management organisation with expertise in equities, fixed income and real estate investments and is a member of the Principal Financial Group.
“Firms, particularly in the buy-side, face several challenges in handling their corporate data, including the ability to trade new asset classes quickly to gain a competitive advantage. That Principal Global Investors has selected CADIS as its strategic data management platform is a significant endorsement of our ability to help global firms address their EDM requirements,” says Stuart Plane, director, Citadel Associates.
Citadel’s Investment Solutions Layer proposition enables firms to quickly integrate multiple data sources into a single EDM platform. In addition, firms can change accounting systems without the need for significant IT development, allowing them to effectively manage outsourced investment accounting or fund administration.
With installations across three continents, Citadel technology is used by some of the world’s largest buy-side institutions supporting some 3 trillion in assets.