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PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey join forces to build new asset management operating platform

PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey join forces to build new asset management operating platform

PIMCO, Man Group, IHS Markit, State Street, Microsoft and McKinsey & Company are to form a new technology-led company, HUB, to build a cloud-based operating platform aimed at transforming asset managers’ operations technology.