MANAMA: SICO has adopted Bloomberg’s Asset & Investment Manager (AIM) to increase efficiency and transparency across its order management workflow.
Headquartered in Bahrain, SICO is a leading regional player with more than $3.9 billion in assets under management (AUM).
Bloomberg has helped SICO increase efficiencies and controls by minimising operational complexity, implementing pre-trade compliance and integrating with back-office accounting to eliminate manual processes.
By using Bloomberg, SICO was also able to adopt a solution to operate from anywhere, and seamlessly implement a work from home policy.
“With Bloomberg’s AIM solution, we are not only able to measure portfolio performance, but lower costs and enhance operational efficiency and workflow, allowing us to focus our efforts and resources more on our clients,” said SICO chief operating officer Anantha Narayanan.
“We were also impressed by Bloomberg’s ability to implement this remotely, within a short timeframe, despite the ongoing pandemic.”
Benjamin Grolimund, regional manager for financial products Middle East and Africa at Bloomberg, said: “We are delighted to support SICO on its journey to transform their technology. During this time, Bloomberg is committed to delivering high-quality implementation projects on time, while working remotely. Bloomberg Buy-Side Solutions continues focus on providing clients like SICO efficient and scalable solutions that reduce the need for on-going maintenance and establish transparency across all funds, in line with global best practices.”
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