The Operations Group of Germany’s West LB AG has selected Asset Control’s flagship product, AC Plus, as its consolidated data management platform.
AC Plus will initially replace West LB’s existing mainframe-based system Wagner Gattung, which is currently a standard legacy solution for the German market.
Asset Control will provide West LB with a complete data management solution to distribute cleansed data to all of West LB’s businesses worldwide. The solution links all reference and corporate actions data across its financial markets.
“We will now be able to work within a multisource environment to manage our reference and corporate actions data via a scalable platform that can grow along with our future needs,” says Yoram Matalon, Chairman Group Operations Committee, WestLB.
Phil Lynch, CEO, Asset Control adds: “A centralised solution opens up all kinds of possibilities. We’re helping our clients like West LB transform data management from an operational burden into a tool of empowerment.”