First State Investments taps Bloomberg buy-side platform

First State Investments Indonesia (FSII) has adopted Bloomberg’s buy-side platform to enhance its operational efficiency and workflow optimisation.

With more than IDR4.43trn in assets under management as of 30 September 2018, FSII is the Indonesian investment management business of the Commonwealth Bank of Australia, offering a wide range of product solutions across a diverse range of asset classes.

It will use Bloomberg’s buy-side platform for its entire front to back office workflow, from order management, trading, reporting, compliance to investment operations.

“As Indonesia’s financial market continues to open up to global investors, we want to strengthen our capabilities in investment and risk management by adopting one of the industry’s most robust technology platforms,” said Hazrina R Dewi, CEO of FSII.

“Bloomberg’s buy-side platform offers a scalable workflow solution with a quick time to market, to help us analyse structure and manage our diverse cross-asset portfolio.”

Bloomberg solutions include Bloomberg’s Asset and Investment Manager (AIM) for order management; Execution Management System (EMSX) and Income & Derivatives Execution Management System (TSOX) for best execution; Portfolio and Risk Analytics (PORT) to analyze their portfolio’s historical performance, measure risk and simulate investment ideas; and Connectivity and Integration Solutions (CIS) to integrate into FSII’s back office system.

For buy-side firms, Bloomberg AIM delivers global, multi-asset solutions for portfolio management, trading, compliance and operations. AIM is used by nearly 14,000 professionals in over 90 countries at over 900 client firms, including some of the largest asset managers, hedge funds, insurance companies, pension funds and government agencies.

“We are pleased that FSII has chosen to work with Bloomberg across its entire investment workflow,” said Maggie Ng, Head of ASEAN for Bloomberg. “We are here to help Indonesian buy-side firms on their unique technology journeys when investing in both domestic and global markets.”

Rheos Capital Works, a privately-owned boutique investment manager based in Tokyo, also recently selected Bloomberg’s buy-side solutions. The firm, which has investment focus on Japan as well as global equity markets, said it selected the service to optimise operational workflow in research and compliance management.

RBC Capital Markets also recently added Bloomberg’s evaluated pricing service (BVAL) to its list of vendors that will independently verify prices on its municipal bond holdings. This announcement marked the growth of Bloomberg’s relationship with RBC Capital Markets, whose parent company, Royal Bank of Canada, already uses a number of Bloomberg products across its enterprise.

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