The partnership combines CityIQ's project implementation skills in asset management with Xenomorph's data management expertise. This combination offers asset management firms a fast and effective path to implementing solutions that enable increased usage of derivatives.
Asset managers are scaling up their derivatives capabilities to solve a variety of problems, not least the current competitive pressure to offer Liability Driven Investment (LDI) strategies. Xenomorph and CityIQ have identified that the resulting need to process and risk manage more complex financial instruments is a key market challenge to asset management institutions.
As a result, CityIQ is now an accredited consultancy implementation partner for Xenomorph's TimeScape data and decision management system, allowing asset management institutions to add derivatives capabilities to their process without the need for wholesale redevelopment of existing technology infrastructure.
Greg Johnson, Chief Executive Officer, Xenomorph, said "We have worked alongside CityIQ on a number of occasions and have always been impressed by their industry knowledge and the quality of their consultants. We are now looking to increase that level of co-operation as we believe that by combining Xenomorph's expertise in data and analytics
management technology with CityIQ's consultancy skills we can further strengthen our delivery capabilities."
Paul Wiltshire, Managing Director, CityIQ, said "We are very impressed by Xenomorph's TimeScape enterprise data
management technology and the capability it offers to asset managers to rapidly improve their derivatives processing capabilities. CityIQ supplies experienced consultants and project managers who understand asset managers' needs, and we look forward to work alongside the Xenomorph team to deploy solutions to those needs."
About Xenomorph
Xenomorph delivers high performance data and decision management solutions for the capture, cleansing, control and analysis of high volume real-time, historical and derived data across all asset classes.
Xenomorph's clients include global investment banks, major asset management companies and hedge funds across the world's main financial centres, where they are used by traders, fund managers, quantitative analysts, risk managers, IT and back-office staff.
Established in 1995, Xenomorph is a privately held firm with offices in London and New York.
For more information on Xenomorph, our clients, services and solutions, please see www.xenomorph.com.
About CityIQ
CityIQ provides advice and delivery services to clients in the Securities Industry, thereby helping them to improve their business performance.
By providing advice, we help our clients understand the threats and opportunities that may impact their business, enabling them to make timely, qualified and enlightened decisions. We inform and support the process of decision making and, in so doing, enhance our clients' standing, performance and reputation.
Changes to technology, processes and/or people are often a pre-requisite to improving business performance. By providing delivery services, we take control of either an entire project or a critical part of it, sharing the load when you most need additional resources you can trust.