Asset Control, a provider of financial data management solutions, enjoyed a record year for client signings in 2009 and completed a programme of new products and enhancements. 

The firm added more new clients in 2009 than any other year on record since it was founded in 1991.

Among the new clients signed in 2009 were Ping An Insurance (Group) of China and Investment Technology Group.

Asset Control is expanding its team and operations to support its growing customer base.
 
The firm completed a programme of product enhancements in 2009 designed to help customers meet the challenges of pricing and valuation, business entity data and counterparty risk, as well as help financial institutions in Asia expand their businesses and become more globally invested.

These included enhanced desktop capabilities for price discovery and valuation, new native language support for Asia and a fully supported FinChina feed handler.

The company also launched a new data management product, AC Invest, which allows clients to adopt a role- and consumption-based data management approach suited to their specific business operations.
 
Phil Lynch (pictured), Asset Control’s president and chief executive officer, says: “Asset Control’s new product innovations and enhancements, rapid implementation methodologies, and unique and flexible approach to helping customers align the management of data with their specific business goals have all contributed to the recognition it continues to receive in the financial services industry—in the form of awards and new clients. By making steady investments in our solutions, we are able to help firms accelerate their time to market, resolve the data management issues that continue to play a critical role in their ability to overcome specific business challenges, and equip them to meet new requirements in the future.”