Seilern Investment Management taps Finbourne for LUSID data platform
Seilern Investment Management has tapped data management firm Finbourne Technology to help scale its investment operations.
Seilern taps Finbourne for investment data management platform
Citing “ambitious growth plans” over the next decade, UK-based Seilern has opted to utilise Finbourne’s cloud-native LUSID platform to optimise its investment decision making and client services and reduce cost of ownership.
The platform will store and analyse client and transactional information, allowing Seilern to move from batched processes to daily-updated data.
Finbourne says LUSID also reduces operational risk and provides enhanced storage, aggregation, analysis and reporting of a diverse range of data sets including portfolios, transactions, instruments, holdings and fund flows.
Once deployed, LUSID will deliver “high levels” of control and efficiency for Seilern’s investment data and processes, the firm says, providing it the flexibility to adapt to inevitable market changes.
Utilising APIs, the data hub can also import and export data from across the firm to external market data vendors.
Seilern chief operating officer Stuart Gunderson says the company is confident that LUSID will deliver “future-state” infrastructure, with the goal to expand the scope of the partnership “to achieve additional efficiencies”.
Finbourne recently secured a debt facility from Kreos Capital worth up to £30 million, and hired Robert Byrne as its new chief technology officer.
