Azimut Group
As the leading independent asset manager based in Italy, Azimut Group understands the challenges of building a global operation that caters to the needs of local customers while also acting as a single, well-coordinated enterprise. Azimut overcame challenges in its acquisition phase with Bloomberg’s suite of buy-side solutions, starting with Bloomberg Asset & Investment Manager (AIM). Read the highlights below or download the full case study.
“
AIM gives us a way to have full control over any position in our portfolios. The ability to capture all portfolio activities across the globe, and have that fully integrated with risk management, is very helpful for our global risk team. It makes our international expansion that much easier.
Francesco De Matteis, Head of Risk Management, Azimut
Situation
When Azimut originally entered its acquisition phase, the firm’s needs were very different. Global growth was the priority. Strategically, the firm needed to meet a variety of local needs as well as deploy more sophisticated approaches globally.
Began international expansion in 2011, so needed a consistent view of data across regions with diverse characteristics
Required a global portfolio, order and execution management platform for operational visibility at group level
Problem
In almost any new geography, incompatible systems and inconsistent data would complicate critical initiatives, such as regulatory compliance and entering new asset classes.Â
They would also affect costs, because fragmented systems require additional resources to capture exposures and P&L at the firm level.
Fragmented data was a big challenge: if local staff used different systems, they’d have to send files and reconcile data daily
Getting a reply from all of their locations about a position they were holding would take up to 10 days
Solution
AIM has enabled Azimut’s broader global team to work together more effectively, coordinate its activities more easily, and increase the overall speed and flexibility of a variety of processes across the front, middle and back office.
As a scalable platform with pre-integrated order management, portfolio analytics, performance management, matching and real-time data, AIM reduces the need for ongoing maintenance of disparate systems.
Azimut has total control and transparency wherever it chooses to operate
Now uses centralized real-time data and applied analytics, driving quick decisions
Can act swiftly to adjust its portfolios or respond to requests from regulators
“
With Bloomberg, it is possible to transfer knowledge from other locations to the wider group and leverage our strategies more effectively at scale. That would be much more difficult if we were all on different systems.
Francesco De Matteis, Head of Risk Management,
Azimut
Benefits
Azimut could focus its energies on quick expansion, knowing AIM would work well in new offices and could be deployed very easily at scale
If one office approves a new broker and it appears in AIM, any location can use the same broker without having to repeat the vetting process
Azimut can perform a wide range of client functions more efficiently, with all platforms fully integrated with the Bloomberg Terminal