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Bankia Asset Management selects Bloomberg’s AIM solution

bloombergBloomberg today announced that Spain-based Bankia Asset Management has selected the former’s order management solution Asset & Investment Manager (AIM). Bankia AM has been utilising Bloomberg’s AIM to achieve its objective of simplifying order management for the whole investment lifecycle and from the front to the middle office across all asset classes and portfolios.

“The implementation of Bloomberg AIM marks a significant milestone in the technological and operational transformation journey of Bankia AM. By centralizing our data and enabling us to manage all operations from a single solution, AIM is helping us improve operational efficiency, reduce risks and perform compliance tasks, such as pre-trade analysis, in a systematic way,” said Sebastian Redondo, CIO of Bankia AM.

According to Bloomberg, AIM has enabled Bankia AM to onboard all its assets onto a single solution providing tools to support order management, portfolio analytics, performance management and matching. The integration of AIM with Bankia AM’s in-house and third-party solutions helps establish data consistency throughout the investment lifecycle, and helps automate and simplify processes carried out on a daily basis. Portfolio managers at Bankia AM are also able to access AIM and the Bloomberg Terminal service remotely via Bloomberg Anywhere.

“We are happy to support Bankia AM as they focus on optimizing their investment processes by using the expansive tools available via AIM,” said Ian Peckett, Bloomberg’s Global head of buy-side product. ‟We are focused on providing our clients with scalable technology that can be adapted to their needs to increase efficiency, and realize meaningful workflow improvements.”

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