RIMES, a leader in managed data services to the buy-side, will host its first Data Governance Conference in New York on 16th October and London on 23rd October. These events are organized by RIMES in association with Investit, a specialist investment management consultantancy.
Featured sessions will address uncovering the costs, risks and challenges of benchmark data governance in investment management firms, as well as solutions to unburden managers, allowing them to focus on managing money. Attendees at the invitation-only event will include C-level individuals and heads of department at asset management firms, custodians and other asset owners.
The RIMES Data Governance Handbook will also launch at the conference and all delegates will receive a complimentary copy. Built on extensive experience from across the buy-side universe, the handbook presents a step-by-step guide detailing how investment management firms can improve their benchmark management capabilities by building a robust structure for data governance. Created in conjunction with Investit, the handbook defines the characteristics and process flows for each element of best practice that firms must put in place.
“Good data governance is now recognized as a fundamental discipline for buy-side firms. Data governance comprises all the processes and procedures surrounding the monitoring and control of data usage within a firm, and is important for cost management, data license compliance and regulatory communication,” explains Steve Cheng, Global Head of Data Management at RIMES. “Greater complexity is arising from more sophisticated strategies and benchmarks, investor demands and regulatory burdens stemming from the likes of Dodd-Frank in North America and Solvency II in Europe. The purpose of this conference is to offer attendees insights into the best practices in data governance and to explore how maintaining a fully managed data service can enable asset managers to focus on managing money.”
Catherine Doherty, Global CEO at Investit, comments, “Increasing concerns over the complexity, volume and rising cost of benchmarks, combined with a general lack of control over acquisition, usage and retention have exposed the buy-side community to a number of cost and efficiency challenges. We welcome the opportunity to work with RIMES to encourage debate and address these challenges at the conference.”
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