QIC Deploys RIMES Managed Data Services to Enhance Benchmark Data Quality
Business Wire India
RIMES Technologies, the leading provider of managed data services and RegTech solutions for the buy-side, announces that QIC, the investment fund for the Australia’s Queensland government, has implemented its market-leading Managed Data Services (RIMES MDS). QIC selected RIMES to help improve the transparency and quality of its benchmark data as it looks to enhance its operations.
RIMES is now delivering a broad range of multi-asset, standard and customized indices with customized feed-formats to QIC. Significantly, RIMES’ unique pre-quality-assured integrations mean that its Managed Data Service is seamlessly integrated with QIC’s existing data management, performance measurement and order management solutions without the need for additional configuration; saving QIC both time and money.
Mark McDonald, Executive Director at QIC, commented: “We’ve completed a comprehensive operational transformation program to take ownership of our own investment data, implementing data management and performance solutions and we wanted our performance measurement function to operate as efficiently as possible. RIMES is a big part of helping us achieve that goal. It’s the only vendor we could find that delivers a fully managed data service, giving us everything we need from feeds that require no in-house touch to feed-monitoring and management consoles. The fact that RIMES MDS integrates so well with our other data systems also made RIMES stand out from the crowd.”
Andy Barrow, Head of Sales – APAC at RIMES, commented: “QIC’s decision to choose RIMES highlights the strengths of our full-service approach to data management. RIMES has a strong and growing presence in Asia-Pacific and this important win has helped us to consolidate our position in the Australian market as the gold standard choice for managed data services. We look forward to continuing our work with QIC and helping it build and maintain its market-leading investment funds.”
RIMES is a buy-side specialist that truly understands the data management and regulatory challenges faced by its clients. It serves over 300 investment managers, pension funds, hedge funds, wealth managers, private banks, custodian banks and insurance companies in 40 countries including 60 of the 100 largest global asset managers and 9 of the 10 largest custodians by TAUM.
QIC is a global diversified alternative investment firm offering infrastructure, real estate, private equity, liquid strategies and multi-asset investments. It is one of the largest institutional investment managers in Australia, with A$82.0 billion (US$62.9/£48.4 billion)1 in funds under management, offering infrastructure, real estate, private equity, liquid strategies and multi-asset investment services. QIC has over 700 employees and serves more than 110 clients including governments, pension plans, sovereign wealth funds and insurers, spanning Australia, Europe, Asia, Middle East and the US. Headquartered in Brisbane, Australia, QIC also has offices in New York, San Francisco, Los Angeles, London, Sydney, and Melbourne. For more information, please visit: www.qic.com
1 as at 30 June 2017