Baillie Gifford, a global investment partnership with £352bn (US$ 486.8bn) assets under management, has selected FINBOURNE Technology’s investment data management platform, LUSID, as the Investment Book of Record (IBOR) for its global investment operations. The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios, as part of its drive towards a simplified cloud infrastructure.
FINBOURNE’s SaaS solution will provide a virtual repository, with one source of real-time aggregated investment data available across the firm. Built on Amazon Web Services and using open APIs, Baillie Gifford will use LUSID to aggregate and translate market, reference and investment data sets (including portfolio holdings and transactions), from multiple systems into one, real-time standardised form.
With LUSID’s bitemporal IBOR (Investment Book of Record), built from inception, Baillie Gifford can access and rewind its data across timelines with complete data lineage, augmenting its investment processes, and leveraging this functionality to support performance, risk and business intelligence.
Richard McGrail, IT partner at Baillie Gifford comments: “Having traditionally developed our processes and technology in-house, LUSID will provide a cloud-native, open-source architecture, that delivers the operational efficiency and transparency we desire today, along with advanced technology, that our teams can build and scale up in the future.”
Thomas McHugh, CEO and Co-founder, FINBOURNE Technology adds: “We welcome Baillie Gifford into the FINBOURNE fold, as one of a growing number of clients who accept a new standard for investment data management is required. LUSID demonstrates that it is possible to access, understand and control organisational data, across a complex system landscape, without big bang transformation. Our clients are testament to this and we look forward to working with Baillie Gifford and demonstrating greater value, at a faster time to market.”