Bloomberg has partnered with Clearwater Analytics to provide a combined front-to-back investment offering for asset owners and asset managers.
Laila Mirsepassi
The collaboration combines Bloomberg’s investment solutions suite with Clearwater’s accounting solution and is set to support users in managing costs and reducing risk.
Specifically, the offering is expected to eliminate challenges of manual processes and data inconsistencies, and clients will also have access to functionalities including turnkey managed integration, enhanced OTC management, integrated cash management and consistent position and trade data exchanges.
The firms have said that the new solution meets an increasing client demand for more unified front-to-back investment management and flexibility in how these systems are integrated.
“In recent years, we have seen a marked increase in client demand for integrated front-to-back solutions, with many explicitly calling for unified workflows that reduce operational friction,” said Laila Mirsepassi, global head of buy-side strategy and partnerships at Bloomberg.
“On the back of extensive client conversations, we recognised that a strategic collaboration like this was the most effective way to meet this demand, particularly for clients seeking both flexibility and scale.”
Bloomberg’s investment workflows offer research management, order and portfolio management, and performance and risk analytics, while Clearwater’s accounting solution forms part of its platform which covers data aggregation, reconciliation and reporting.
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Shane Akeroyd, chief strategy officer and president, Asia Pacific at Clearwater Analytics said: “With increased pressure to scale efficiently, reduce risk, and respond to market complexity, the need for interoperable, client-first technology has never been greater.
“This collaboration is a direct response to those needs. The timing reflects what we’re hearing from the market: clients want open systems that work together, not closed ecosystems that force tradeoffs.”