SCOR Global Investments, a subsidiary of global re-insurer SCOR Group, has selected Cadis to implement its data management strategy.
Cadis will take in data from a variety of sources and cleanse and validate different data types including securities, issuers, prices, curves and index masters in the required formats. Data is then distributed to SCORs core applications including Simcorp Dimension investment management system.
SCOR represents Cadis second French client win in the past 18 months, following the signing Le Banque Postale Asset Management.
Commenting on the companys need for a data management strategy, Yves Scherrer, project manager at SGI said: Since becoming the central asset management hub for the SCOR Groups investment portfolio, SGI has experienced rapid and continuous growth in assets under management. We therefore required a data management platform with the ability to support and adapt to constant change. Improving operational efficiency, auditability and transparency of data were additional drivers. The Cadis platform provided us with the appropriate flexibility and functionality for our needs.
(JDC)