Waters Rankings 2020: Best Performance Measurement and Attribution System Provider—BNY Mellon Data and Analytics Solutions
Effective performance measurement and attribution solutions are an integral part of middle-office operations, and core to being competitive and compliant in an increasingly unpredictable market. BNY Mellon Data and Analytics (previously Eagle Investment Solutions) has taken significant steps to simplify these data-driven processes through the development of its portfolio management solutions, including its Performance Book of Record (PBOR), making it this year’s winner of the best performance measurement and attribution system provider category at the Waters Rankings.
Mark Goodey, head of investment analytics, data and analytics solutions at BNY Mellon, admits that most measurement tools on the block use the same methodologies for calculating performance and include “tick the box” functionality. But, he says, BNY Mellon Data and Analytics’ platform has two core differentiators: its data management capabilities and its flexible plug-and-play framework.
In the last four years, the firm has redesigned its portfolio management technologies to create an open architecture that enables buy-side clients to pick and choose offerings from its product suite or from partnering with third-party solutions. The underlying platform allows components to be plugged in and provides the ability to swap out tools to meet changing demands. “We adopted the approach of an open ecosystem quite some time back, so where we don’t believe that we have got the best capability in ‘X,’ chances are that we can find a partner who can deliver that ‘X’ with us, so that our clients can take advantage of that collaboration,” says Goodey.
In 2013, the firm developed the idea of a PBOR, which functions across multiple systems and provides visibility across all investment information, asset classes, performance results and exposure analytics in one system. In more recent developments, the Portfolio Management platform has been updated to support the new version of the Global Investment Performance Standards (GIPS), a voluntary standard for investment managers that went live in June 2019. Over the next 12 months, the firm will continue to build on its open architecture strategy, fine-tune client user-interfaces, and develop capabilities that link environmental, social and governance (ESG) factors to performance attributes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
IMD & IRD Awards 2024: All the winners
Here are the 28 category winners of this year's Inside Market Data & Inside Reference Data Awards, announced on the evening of May 16 at a reception following this year's North American Financial Information Summit in New York.
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Most read
- Waters Wavelength Podcast: Bloomberg’s Tony McManus
- IMD & IRD Awards 2024: All the winners
- Putting the ‘A’ in CDO: The rise of the chief data and analytics officer