Nomura Asset Management has rolled out data management technology from Bank of New York Mellon subsidiary Eagle Investment Systems.
Eagle says Nomura deployed the system as the first stage of a wider upgrade of its global investment platform. It will centralise and validate data to make certain that consistent information is shared across the investment management systems.
The first phase of the project saw Nomura Asset Management's data for global equity investments automated, cleansed and centralised. This means that accurate data in a common format can be used by other internal systems that perform compliance and trade management functions.
The system helps managers save time and money by eliminating duplicate sources of data, reducing bad trades and lessening the risk of making bad business decisions, says Eagle.
In addition, it provides transparency into portfolios to view all assets and sub-assets, and enables managers to analyse complex strategies and investment vehicles. For all securities, Eagle provides the ability to report real-time data and provide a full history over time.
Nomura plans to roll out the platform to a number of global offices in the future.
Koichi Goto, senior corporate managing director, Nomura Asset Management, says: "Data is a crucial element of our operations, and Eagle's platform helps us efficiently manage our data and provides our analysts with a clear and comprehensive view of our business."