FactSet Wins Deal With Nikko AM

Tom Burroughes Group Editor 21 August 2018

FactSet Wins Deal With Nikko AM

The deal comes a few weeks after FactSet secured an agreement with Merrill Lynch Wealth Management.

FactSet, which provides financial information and analytics, has picked up another client in the form of Japan’s Nikko Asset Management, having recently won a major deal from Merrill Lynch in the US.

Nikko AM, which oversees $220.1 billion of AuM, as at the end of March this year, has chosen to use the FactSet Linear Multi Asset Class risk model to help manage risk across its global fixed income portfolios. The deal means that the asset manager can improve speed and quality of data integration across asset types, input sources, and geographic locations, it said.

As reported earlier in August, Merrill Lynch Wealth Management chose FactSet to be the primary market data provider for the firm. It was reported that the US wealth management house had previously used Thomson Reuters' systems. Starting later this year, FactSet will deploy its Market Data solution to more than 15,000 wealth management professionals across Merrill Lynch.

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