Bloomberg supports technological transformation at Bankia Asset Management
Bankia Asset Management (Bankia AM), the asset management arm of Bankia, the fourth largest financial firm in Spain, has adopted Bloomberg’s Asset & Investment Manager (AIM), an order management solution, across all of its portfolios.
Using Bloomberg AIM has helped Bankia AM achieve its objective of streamlining order management for the whole investment lifecycle and from the front to the middle office across all asset classes and portfolios. AIM has enabled Bankia AM to onboard all its assets onto a single solution providing tools to support order management, portfolio analytics, performance management and matching. The integration of AIM with Bankia AM’s in-house and third party solutions helps establish data consistency throughout the investment lifecycle, and helps automate and simplify processes carried out on a daily basis. Portfolio managers at Bankia AM are also able to access AIM and the Bloomberg Terminal service remotely via Bloomberg Anywhere.
“The implementation of Bloomberg AIM marks a significant milestone in the technological and operational transformation journey of Bankia AM. By centralising our data and enabling us to manage all operations from a single solution, AIM is helping us improve operational efficiency, reduce risks and perform compliance tasks, such as pre-trade analysis, in a systematic way,” says Sebastian Redondo, CIO of Bankia AM.
“We are happy to support Bankia AM as they focus on optimising their investment processes by using the expansive tools available via AIM,” says Ian Peckett, Bloomberg’s Global head of buy-side product. ‟We are focused on providing our clients with scalable technology that can be adapted to their needs to increase efficiency, and realize meaningful workflow improvements.”