Schroders Outsources Product Data Management to MoneyMate

Schroders, one of the largest asset management companies in the world with $186.5 billion under management, has contracted with MoneyMate to provide it with a managed service to control the aggregation and cleansing of product information for presentation on websites.

Based on the MoneyMate DataManager service, the solution will help ensure the timeliness, accuracy and consistency of the product information Schroders communicates to clients and distribution channels.

Schroders funds are registered and domiciled around the world. The DataManager service will manage the range of over 650 funds. The underlying data is produced and stored in a number of ways across Schroders offices spanning 32 geographical locations, and by third party administrators globally. DataManager will centralize and validate pricing, performance, holdings and all static fund data in many formats and make this data available in real-time for publication on Schroders websites and in fund documentation.

"The primary factors in our decision were an understanding of our requirements and a demonstrable solution to the data management challenge we seek to address," commented Gerard Walsh, Head of Web & CRM at Schroders. "The focus of this initiative is to present accurate, up-to-date and error-free product information on our websites. MoneyMate is able to prove a track record in delivering product information management services in our industry, and Schroders will be able to leverage MoneyMate's expertise in working towards our strategic objectives."