Press Releases

Asset Control Goes Live at Citadel With New System Enhancements

New York, NY, November 29, 2004

AC Plus data management solutions now deliver increased performance and scalability, ease of administration, and data model extensions

November 29, 2004 – Asset Control, a leading provider of centralized data management solutions to the financial industry, today announced that Citadel Investment Group, L.L.C., a global leader in alternative investments, has successfully deployed Asset Control’s AC Plus data management platform. This deployment includes significant new enhancements co-developed by the two firms.

“We are delighted to have met Citadel’s demanding requirements in this first round of co-development work, “ said Ger Rosenkamp, CEO of Asset Control. “As a result of this collaboration, AC Plus now has added speed and scalability, as well as new features to expedite implementation and simplify administration of centralized data platforms.”

Enhancements to the AC Plus platform include data model extension, streamlining of the reference data model to speed queries and reduce administrative overhead, and increased speed of data loading.  The enhancements have attracted interest in the Asset Control customer base and several firms currently scheduling implementation of these new features.

About Citadel Investment Group, L.L.C.
Citadel is a global leader in alternative investments. Citadel has a global presence with offices in Chicago, London, Tokyo, San Francisco and New York.  Clients include money center banks, insurance companies, corporate pension plans, endowments, foundations, and families of wealth.

About Asset Control
Asset Control offers centralized data management to financial industry firms through a full range of in-house and outsourced options.  A choice of developer tools, turnkey software solutions and outsourced services enable users to optimize their investment data for efficiency, cost control, reduced operational risk and increased value from their data. 

Derived from the robust and reliable AC Plus modular framework, the Asset Control product set includes data solutions addressing market risk, counterparty credit risk, security master, research and corporate actions, as well as global data networking and administration. Handling data from vendors and in-house systems, these solutions collect, validate, normalize, and consolidate data into cleansed composite “golden copy” sets for business use.

Customers include the LCH.Clearnet, Abbey National, ABN AMRO, Barclays Capital, Bayerische Landesbank , BBVA, Commerzbank, IBM (Dresdner Bank), Harvard Management Company, HSH Nordbank, HypoVereinsbank, Grupo Santander, ING, Robeco Groep, Société Générale, Standard Chartered and Union Investment, as well as a super-major global energy group. Established in 1991, Asset Control is a privately held firm with operations in London, New York and the Netherlands.  For more information please visit  www.asset-control.com.