Bloomberg's Integrated Buy-Side Solutions Selected by LGT Wealth Management to Help Streamline Workflows and Power Future Growth
Will Habberfield, COO at LGT Wealth Management, said, 'Our adoption of Bloomberg's buy-side solutions has provided meaningful opportunities for our organization to unify our workflow, from idea generation to order modeling, execution and post-trade processes. With Bloomberg, we have deeper portfolio insights, as well as the ability to utilize automation and straight-through processing across our workflow alongside a technology partner that will continue to support us as we grow.'
With this adoption, LGT Wealth Management benefits from a streamlined order and portfolio management experience utilizing AIM, Bloomberg's leading order and investment management technology solution, and PORT Enterprise, for performance attribution, risk and liquidity analysis. Bloomberg's post-trade operations capabilities allow the firm to complete inbound reconciliation processes from their custodian partners, as well. The firm will also use Bloomberg BTCA for transaction cost analysis and Bloomberg RHUB for MiFID II Transaction reporting requirements.
Together, these solutions create a consistent, efficient offering across the enterprise workflow that will support LGT Wealth Management as it continues to grow and evolve to meet future technological, regulatory, and operational needs. A key component of the adoption has been the use of the Portfolio Manager Workspace (PM ) solution integrated into the order management offering, providing a single experience for LGT Wealth Management Investment Managers to surface actionable data points specific to their portfolios.
'Bloomberg's strength lies in the interoperability and integration across our solutions set for the buy-side and it's been an exciting project to implement this new workflow for LGT Wealth Management,' said Jose Ribas, Global Head of Buy-Side Solutions, Bloomberg. 'We're proud to be the vendor of choice to support this next stage of growth for their firm.'
Bloomberg AIM is a leading order and investment management technology solution with multi-asset decision support and portfolio management, order management, trade compliance and post-trade workflows. Bloomberg AIM is used by nearly 15,000 professionals at over 900 client firms globally to manage more than $22 trillion in assets. PORT and PORT Enterprise provide portfolio and risk analytics with advanced risk and return attribution models across 15,000 firms globally empowering clients to gain deeper insights into portfolios. Together, these solutions manage integrated workflows of more than 300 shared clients, including over 100 of the world's top asset managers by AUM. For more information, visit Bloomberg Buy-Side Solutions.
Bloomberg BTCA delivers robust multi-asset transaction cost analysis harnessing Bloomberg's global market data across a wide range of trading benchmarks. BTCA offers impactful trading insights that help clients create and monitor optimal trading and execution strategies. Using BTCA's powerful exception-based workflows, traders can efficiently meet a firm's compliance and execution policies through granular analysis of the entire trade flow life cycle.
About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.
Bloomberg media contact
US, Casey Fernandez, csheets8@bloomberg.net, +1 212 617 6463
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
an hour ago
- New York Post
Sales at Saks Fifth Avenue, Neiman Marcus plunge after merger — while Bloomingdales and Nordstrom see spike: report
Luxury retailers Saks Fifth Avenue and Neiman Marcus have suffered double-digit sales declines since their blockbuster merger last year — while downmarket rivals Bloomingdales and Nordstrom have seen sales surge, according to a report. The $2.7 billion merger six months ago, which also included Bergdorf Goodman, created the largest luxury retailer in the world. But the new powerhouse, known as Saks Global, has struggled to squeeze growth out of the posh department stores during a global slowdown in luxury spending, Bloomberg reported on Monday. Saks Fifth Avenue sales fell 16% during the first quarter ended in April compared to a year ago, while Neiman Marcus and Bergdorf Goodman dropped 10%, according to Bloomberg Second Measure data, which looks at debit and credit card purchases. Advertisement 6 Saks Fifth Avenue and Neiman Marcus are more exposed to the high-end luxury downturn than Bloomingdales and Nordstrom, the company said. Stephen Yang 6 Saks Fifth Avenue and Neiman Marcus formed Saks Global in December, becoming the largest luxury retailer in the world. Bloomberg via Getty Images June was even worse, with Saks' year-over-year sales falling 28%, while Neiman Marcus and Bergdorf Goodman each plunged 26%, according to the report. Bloomberg acknowledged that the declines could be exaggerated because its data focuses primarily on debit card spending, 'which means that the sales slowdown could appear sharper than it really is,' Bloomberg said. Advertisement Meanwhile, Bloomingdales and Nordstrom each enjoyed year-over-year sales increases of more than 10% for the first quarter, according to the data. Saks Global declined to comment on the Bloomberg data, but a spokesperson for the company said Nordstrom and Bloomingdales don't belong in its uber luxury sandbox. 'To compare us to Bloomingdales, Nordstrom and Nordstrom Rack, it's important to note that Saks Global is far more exposed to the high-end luxury brand matrix, which has been going through a challenging moment,' a Saks Global spokesperson told The Post. Advertisement Saks Global also pointed out that the early summer is typically the slowest period of the year for retail sales. 6 Neiman Marcus and Bergdorf Goodman were acquired by Saks Fifth Avenue in a $2.7 billion deal. Bloomberg via Getty Images The merger, however, has failed to quell jittery vendors who have not been paid in full for their goods for more than a year – and have withheld inventory as a result. It has also amplified the anxiety of investors about Saks Global's ability to pay its bills. Advertisement At the end of May, Saks Global secured an additional $350 million in financing, quashing reports that it might not be able to make its first $120 million interest payment on the $2.2 billion in bonds that it sold to acquire Neiman Marcus. 6 Despite a luxury downturn, sales at Bloomingdales are increasing. Tamara Beckwith/NY Post It has identified an additional $100 million of savings, bringing the total to $600 million that it expects to save over the next five years, including layoffs which have already begun, the company said. 'Saks Global remains on target for the $600 million in annual synergies' executive chairman, Richard Baker told The Post. Nevertheless, its challenges are significant, including from customers who may have defected to its competitors after a snafu with its returns process this year, according to Bloomberg Intelligence analyst Mary Ross Gilbert. 6 Nordstrom Rack is a budget friendly chain that attracts mainstream shoppers. Christopher Sadowski 'It's just so much easier to shop elsewhere,' Ross Gilbert said. Earlier this year, returns were taking longer to process after the company was hit by fraudsters who were returning items they never purchased from the company. Advertisement 'We put controls in place that delayed the process, but that's behind us now,' the spokesperson said. 6 Marc Metrick is the CEO of Saks Global. Getty Images Saks Global released its financial performance publicly for the first time since the December merger in May. Revenues for the combined entity were down 10% to $7.3 billion, while profits were 130 basis points lower than the prior year. Advertisement Adjusted EBITDA was a loss of $102 million, including $42 million contributed by Neiman Marcus in the six weeks after the transaction closed. 'We have made significant progress integrating our organizations…all of which will help us to drive improved sales performance in fiscal 2025,' Saks Global CEO Marc Metrick said in a statement at the time.
Bloomberg
2 hours ago
- Bloomberg
We Need an FAA for Artificial Intelligence
Save This is Bloomberg Opinion Today, a dual-mandate agency tasked with regulating and promoting Bloomberg Opinion's opinions. Sign up here. Let's say you helped invent a revolutionary ice cube that stays frozen forever. Everyone from food manufacturers to Big Pharma wants to get their hands on the recipe. Your boss — let's call her Pam Saltman — says your company's sole mission is to ensure that your ice cubes benefit all of humanity. You love that idea, but when a recruiter for your main competitor offers you $300 million — enough money to buy the entire Red Hot Chili Peppers catalog — you're tempted to hop jobs, even though forever-frozen ice is just one aspect of their business. Do you sell out, or do you stick with the feel-good mission of your current employer?
Bloomberg
2 hours ago
- Bloomberg
Trump's 90-Day Tariff Pause Is Ending. What Happens Next?
Never miss an episode. Follow The Big Take daily podcast today. In late April, shortly after President Trump's announcement of sweeping reciprocal tariffs sent markets reeling, the White House announced a 90-day pause on when those tariffs would go into effect. That pause is about to end and while the Trump administration has announced a few tentative trade agreements — including one with the UK and another with Vietnam — they're nowhere near 90. On today's Big Take podcast, Bloomberg's Brendan Murray and host David Gura discuss what the White House has accomplished, what it hasn't and where the trade war goes from here. Listen and follow The Big Take on Apple Podcasts, Spotify or wherever you get your podcasts. Terminal clients: click here to subscribe. Here is a lightly edited transcript of the conversation:
