Finance & Capital Market

Bloomberg supports Sico’s digital transformation journey

Sico, a leading regional asset manager, broker, market maker, and investment bank, 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  Anantha Narayanan Chief Operating Officer, Sico. 
“We were also impressed by Bloomberg’s ability to implement this remotely, within a short timeframe, despite the ongoing pandemic.”  
Benjamin Grolimund, Regional Manager, Financial Products – Middle East & Africa, Bloomberg LP, 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.” 
Bloomberg’s Buy-Side solutions, which include AIM and Port Enterprise, are used by some of the largest asset managers, hedge funds, insurance companies, pension funds and government agencies. 
Bloomberg AIM is a leading order management system (OMS), used by nearly 15,000 professionals at over 900 client firms in over 90 countries to manage more than $17 trillion in assets, and Port is a multi-asset portfolio and risk analytics solution that provides investors with the tools to implement optimal investment portfolio strategies. 
Port Enterprise is a premier solution that also delivers enhanced reporting capabilities that are powered by advanced risk models. Port and Port Enterprise are used by 93 of the top 100 asset managers and has 47,000 active users globally.-- TradeArabia News Service