The client, a large superannuation fund, serves over 565,000 members and manages over AUD 72 billion in assets.
As the fund grows in AUM and complexity, its investment data management and performance reporting demands are accelerating. In response, the fund has been working to improve its data environment, including data management protocols, quality assurance processes, and data governance practices.
The fund asked Cutter for feedback, advice, and perspective on its program, as well as how it compares to industry best practices in data management.
Cutter was able to achieve the following for the client:
Our client utilized Cutter’s recommendations to initiate a reorganization of its data management group and start a new data governance program. Cutter assisted the superannuation fund with the roll out of data governance to establish clear accountability for data quality with a set of data stewards. This governance plan was aligned with group plans and helped focus governance efforts across the firm.
As the new approach to governance takes hold, the front office will benefit from improved data quality, and our client will be able to focus its efforts away from data and toward analysis. Our client will continue to work to improve its data warehouse and develop appropriate marts for the front office team in order to develop its planned analytics environment.