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Henderson takes Curium live for DQM

For immediate release 29th November 2011

London, November 2011 Henderson Global Investors are reaping the benefits of Curium,
Sun Street’s innovative Data Quality Management solution.

Sun Street Limited

Following a highly successful pilot project Henderson have selected Curium as their strategic solution for data quality management across their Investment Operations. During the pilot, Curium was put through its paces both functionally and technically and proved a good fit with Henderson’s operating model and with their existing data and technical platforms.

Andrew Rydon, Head of IT at Henderson explained "One of the great benefits that attracted us to Curium was the ability to add additional data management capabilities to our business without having to change our existing technical platforms. The product integrated easily and the implementation was a very straightforward exercise." Andrew continued "The Curium workflow even integrates with our existing automated checks and balances with the result that we now get more from the investment we had previously made in data quality."

Deployed into the Data Management function within Henderson’s Investment Operations, Curium is being used to reconcile and validate pricing and reference data from many sources both external and internal to Henderson. The solution also delivers a robust control environment for dealing with any issues that may be detected and for managing the resolution activities within the team.

Stuart Levy, Head of Data Management at Henderson said "We have found that by eliminating the noise generated by data quality false alerts and prioritising the issues that really matter to our business Curium allows us to get the most out of our data management resources."

Bringing together data from multiple third party administrators, in house databases and trading systems as well as external market data sources and many index data providers, Curium allows the operations staff to deal with missing or invalid data, resolve discrepancies between providers and monitor that ongoing changes to the master data are synchronous and accurately applied to all systems. This process ensures that the master data used across the business is consistent and remains in-line with the best available market data.

Mat King, Director at Sun Street Limited commented "I am delighted that Henderson are live with Curium. Unpredictable markets, ever increasing regulation and scrutiny from auditors & clients create a tough environment for maintaining data quality within the financial sector. Although they already had robust controls in place, the addition of Curium puts Henderson well ahead of the pack when it comes to ensuring data quality."

About Curium

Curium brings a new approach to meeting the challenges of ensuring data quality by adding advanced data management capabilities without the need to replace existing data processing and technical platforms. Curium delivers on four key areas for data quality management:

  • Exception detection - Quick and easy to use point and click environment for the configuration and detection of all common data validation issues without the need to ‘code’ the tests.

  • Exception management workflow - End user application to allow data operations staff within the business to monitor and manage data exceptions and user queries from inception through to resolution.

  • Data visualisation - Configurable data exploration tools for analysing and researching the underlying business data across sources, targets and master data.

  • Management information and reporting - Comprehensive root cause analysis supports informed management of internal and external data providers and operational processes throughout the data supply chain.

Sun Street Limited

Sun Street Limited is a specialist software application provider within data management. Founded in 2007 and based in the UK we are dedicated to delivering market leading solutions to the global financial industry. We have a proven track record of successful project delivery, extensive experience in data management and an in-depth understanding of the business operating models within financial services. With our experience, backed by innovative products, Sun Street can help you to maximise the benefits of complex financial data quality management. ‘Curium’ is a registered trademark of Sun Street Limited

Henderson

Established in 1934, Henderson Global Investors is a leading independent global asset management firm. The company provides its institutional, retail and high net-worth clients with access to skilled investment professionals representing a broad range of asset classes, including equities, fixed income, property and private capital. With its principal place of business in London, Henderson is one of Europe’s largest investment managers, with £65.4 billion assets under management and employed around 1,100 people worldwide (as at 30 September 2011). www.Henderson.com.

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