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FWD Group has adopted Bloomberg’s full suite of buy-side risk management solutions to help it analyse, model, and monitor investment performance.
The suite includes Bloomberg’s Multi-Asset Risk System (MARS), its Asset and Investment Manager (AIM), its enhanced Portfolio and Risk Analytics solution (PORT+) and its latest IFRS 9 solution.
“We knew early on that if we aspire to grow faster than our peers, we needed to invest in technology to help us operate even more efficiently,” said Paul Carrett, chief investment officer of FWD Group. “In this competitive industry where having an edge is critical, we knew it was an imperative to adopt best practices in risk management and stay ahead of global accounting standards, so we can be well prepared to comply with future regulation. Bloomberg has been a strategic partner in understanding our complex technology journey and bringing us to where we need to be in order to be successful.”
FWD will use AIM and PORT+ in its offices across Asia to analyse, structure, and manage its US$26 billion in assets under management. PORT+ will allow it to seamlessly share information on risk, performance and attribution simultaneously across its offices in the region.
Meanwhile, full integration with Bloomberg’s MARS offers the group deep visibility into the risk profile of its derivatives books. In addition, the IFRS 9 solution will help manage the data workflow challenge of the SPPI test and other facets of the new accounting regulation.
“FWD has a growth vision that requires a target operating model built around excellence in risk management,” said Taran Khera, Bloomberg’s head of APAC. “Our solutions are designed to be robust, agile and scalable, giving them better line of sight to complex risks in their portfolios. We are proud to have built the tools that future-proof the growing needs of insurers in the region and help them focus on growing their investments.”
