back Back

Mirae Asset Investment Managers adopts Bloomberg Solutions for the Buy Side

By Leandra Monteiro

May 04, 2022

  • Asset Management
  • Bloomberg
  • Bloomberg Terminal

Mirae Asset InvestmentBloomberg announced that Mirae Asset Investment Managers (India) Private Limited (Mirae Asset) has adopted Bloomberg’s Buy-Side solutions to help support enterprise-wide digital transformation. Mirae Asset will use Bloomberg’s Asset and Investment Manager (AIM) and Bloomberg Vault across its investment workflows including fund management, trading, operations, investment risk and compliance; enabling the firm to effectively build scale and navigate a constantly evolving market landscape.

Bloomberg AIM is a leading order management system and part of Bloomberg’s comprehensive Buy-Side solutions that offer multi-asset capabilities to support every stage of the investment lifecycle.

Bloomberg Vault is a hosted service that helps firms meet regulatory record keeping and other compliance obligations. Vault enables firms to capture and archive their e-communications and trade data and perform proactive searches, monitoring and surveillance to analyze such data.

The adoption of Bloomberg’s Buy-Side solutions will help increase the asset manager’s efficiency and agility. Bloomberg AIM helps to maintain and support investment in a diverse set of asset classes regardless of the complexities, while managing costs by optimizing operations and providing tools for investment and regulatory compliance workflows. It will also improve the asset manager’s ability to support electronic execution for their passive funds and securities traded across different regions and geographies.

Mirae Asset has also expanded the firm’s subscriptions to the Bloomberg Terminal, which is used by the world’s leading business and financial professionals for real-time data, news and information.

Manish Jha, Head – Risk Management, Mirae Asset Investment Managers (India) Pvt. Ltd. said, “With ever-increasing complexities in the order management framework and evolving investment compliance risk, it’s vital to use technology to optimize various workflows. Working with Bloomberg’s Buy-side solutions has been an important step in ensuring efficient workflows with respect to Portfolio management, Trading, Investment Compliance and Operations.”

“Investment risk management is a crucial and non-negotiable part of the fund management business,” said Swarup Mohanty, CEO – Mirae Asset Investment Managers (India) Pvt. Ltd. “This partnership will surely help bring cutting edge technology across the investment lifecycle, including important investment and trade compliance.”

Bloomberg’s Buy-Side solutions deliver front-to-back technology for the investment lifecycle, from decision support and order management to portfolio management and post-trade services, for some of the largest asset managers, asset owners, and hedge funds. Bloomberg AIM, a leading order management system (OMS), is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $17 trillion in assets. PORT is a multi-asset portfolio and risk analytics solution that delivers advanced risk and return attribution models. PORT has 47,000 active users across 15,000 client firms globally. Bloomberg’s post-trade offering streamlines post-trade workflows and reduce investment operation risk through reconciliation, straight-through processing (STP), settlement exceptions and collateral management solutions.

“We are pleased to partner with Mirae Asset and bring on board Bloomberg’s comprehensive suite of Buy-Side offerings,” said Rajiv Mirwani, Head of Enterprise Sales – South Asia, Bloomberg. “This will help increase the asset manager’s efficiency and agility, and thereby optimize operations and provide tools for investment and regulatory compliance workflows. As global markets become even more complex and regulatory requirements evolve, at Bloomberg, we are constantly striving to innovate our offerings to support our clients on this journey.”

Previous Article

May 04, 2022

Deluxe expands digital payments network capability by adding BillGO to portfolio

Read More
Next Article

May 04, 2022

Paysafe offers real-time customer payouts for merchants with Visa

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Asset Management

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

KYND launches cyber risk management services for insurers

Read More

March 01, 2024

Mumtalakat funds Singapore Gulf Bank to expand footprint in Bahrain

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023