Top executives should oversee investment firm data

08/19/2013 | InvestmentNews (free registration)

Data management at wealth management firms has been traditionally been overseen by IT or operations staff, but senior management should be taking on this task, according to Virginie O'Shea, senior analyst of post-trade technology at Aite Group. Managers need to ensure that reconciliation of financial data takes place across the entire system, including risk analysis and regulatory compliance. Other experts agree that companies that integrate data have better performance.

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