CITIC Securities Selects GoldenSource 360 EDM Platform to Support Growth
NEW YORK and BEIJING, April 17, 2012 /PRNewswire/ –
CITIC Securities, a leading international investment bank based in China, has selected
GoldenSource [http://www.360edm.com ] as their core enterprise data management (EDM)
platform. As part of a strategic middle and back office infrastructure initiative, CITIC
Securities is launching the first data management phase with GoldenSource Securities &
Products as the security reference data platform.
“We recognize integrated EDM as a critical underpinning to growing current operations
as well as enabling us to manage both Chinese domestic market data and international
market data in support of our growing Qualified Domestic Institutional Investor (QDII)
business,” said Paulson Wang, vice president at CITIC Securities. “The GoldenSource 360
EDM platform has proven scalability across multiple lines of business, geographies, and
products, which was ideal to support our aggressive growth plans.”
CITIC Securities’ best-of-breed approach places an emphasis on data management as a
foundational layer. With this implementation, the firm will increase
straight-through-processing automation, improve risk management through more robust
central management, and enhance decision making with timely, quality data.
“We are mindful that China has the highest total banking post-tax profits in the
world; however, with the advent of QDII, there are many operational challenges Chinese
institutions are struggling to deal with,” said Neill Vanlint, managing director of EMEA
and APAC at GoldenSource. “CITIC Securities is part of a quickly growing group of leading
Chinese financial institutions who are adopting standardized reference data repositories
to solve performance, risk and customer reporting related issues. Establishing a strong
presence in China with a local delivery capability has enabled us to earn the trust of
Chinese institutions that need to scale and support increasing volumes.”
“Earning this mandate from CITIC Securities underscores our leadership position in
China, and aligns with other GoldenSource initiatives in more established markets,” adds
Mike Meriton, president and CEO of GoldenSource. “CITIC Securities is the third financial
institution to select GoldenSource EDM in China, adding to two leading asset management
firms in the country. We have established a permanent presence in Beijing, and are
continuing to invest in this fast growing market.”
About CITIC Securities
CITIC Securities (CITICS) was established in October 1995. CITIC Securities focuses on
providing high-quality securities related services to its domestic and foreign customers,
including securities trading, underwriting and sponsoring, proprietary trading, asset
management, securities investment advisory services and other businesses. CITIC Securities
is the first Chinese full-service investment bank in China whose A shares are listed on
the Shanghai Stock Exchange (SSE) and H shares on the main board of The Stock Exchange of
Hong Kong Limited (SEHK). CITIC Securities raised USD1.7 billion in October 2011 when it
IPO on the main board of The Stock Exchange of Hong Kong Limited (SEHK). As of the end of
2010, CITICS’ total assets amounted to RMB153.2 billion, with net asset at RMB70.4
billion.
About GoldenSource
GoldenSource delivers an integrated 360 EDM(TM) platform for the securities and
investment management industry. GoldenSource makes it easy to manage critical reference
and market data with Enterprise Data Management (EDM).
Our innovative products create, maintain and distribute a trusted golden copy starting
with the industry leading data model which covers all financial instruments, customers and
counterparties, and extends to transactions and positions. The ability to connect,
organize and aggregate trusted information helps our customers to achieve their business
goals by reducing risk and enabling better decisions making. GoldenSource solutions are
used by forward-looking banks, brokers, investment managers, service providers, and
exchanges to reconcile tactical departmental goals and strategic enterprise objectives.
A proven supplier of on-premise EDM solutions to the world’s largest financial
institutions, GoldenSource also delivers managed data services via the innovative Powered
by GoldenSource(TM) program.
For more information, visit: http://www.360edm.com or follow us on Twitter at
http://twitter.com/goldensource.
For more information:
Metia on behalf of GoldenSource
U.S. press office
Sheryl Lee
Tel: +1-917-320-6462
Email: metiagoldensource@metia.com
UK press office
Imran Majid
Tel. +44(0)20-3100-3545
Email: metiagoldensource@metia.com
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