Bloomberg to Provide Bankia Asset Management with Order Management Solution

Global business and financial information and news leader Bloomberg has announced that it has provided Bankia Asset Management (Bankia AM), the asset management arm of Banki, with its Asset & Investment Manager (AIM) for streamlining order management and automating processes.

Bloomberg AIM will improve Bankia AM’s order management efficiency for the whole investment lifecycle and from the front to the middle office across all asset classes and portfolios. Bankia AM is allowed to onboard all its assets onto a single solution providing tools to support order management, portfolio analytics, performance management and matching.

Furthermore, the partnership also helps establish data consistency throughout the investment lifecycle, and helps automate and simplify processes carried out on a daily basis.

Commenting on the news, Sebastian Redondo, CIO of Bankia AM said: ”The implementation of Bloomberg AIM marks a significant milestone in the technological and operational transformation journey of Bankia AM. By centralizing our data and enabling us to manage all operations from a single solution, AIM is helping us improve operational efficiency, reduce risks and perform compliance tasks, such as pre-trade analysis, in a systematic way. ”

Bloomberg AIM is now used by nearly 15,000 professionals at over 900 client firms in over 90 countries to manage more than $17 trillion in assets.