Baillie Gifford selects FINBOURNE’s LUSID platform to boost investment data management

London, 8 November 2021 – Baillie Gifford, a global investment partnership with £352bn (US$ 486.8bn) assets under management, has selected FINBOURNE Technology’s investment data management platform, LUSID, as the Investment Book of Record (IBOR) for its global investment operations. The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios, as part of its drive towards a simplified cloud infrastructure.

FINBOURNE’s SaaS solution will provide a virtual repository, with one source of real-time aggregated investment data available across the firm. Built on Amazon Web Services and using open APIs, Baillie Gifford will use LUSID to aggregate and translate market, reference and investment data sets (including portfolio holdings and transactions), from multiple systems into one, real-time standardised form.

With LUSID’s bitemporal IBOR (Investment Book of Record), built from inception, Baillie Gifford can access and rewind its data across timelines with complete data lineage, augmenting its investment processes, and leveraging this functionality to support performance, risk and business intelligence.

Richard McGrail, IT partner at Baillie Gifford comments: “Having traditionally developed our processes and technology in-house, LUSID will provide a cloud-native, open-source architecture, that delivers the operational efficiency and transparency we desire today, along with advanced technology, that our teams can build and scale up in the future.”

Thomas McHugh, CEO and Co-founder, FINBOURNE Technology adds: “We welcome Baillie Gifford into the FINBOURNE fold, as one of a growing number of clients who accept a new standard for investment data management is required. LUSID demonstrates that it is possible to access, understand and control organisational data, across a complex system landscape, without big bang transformation. Our clients are testament to this and we look forward to working with Baillie Gifford and demonstrating greater value, at a faster time to market.”

About FINBOURNE Technology

FINBOURNE Technology was founded in December 2016 with a mission to reduce the cost of investing and increase transparency for everyone. The company has grown from seven founders to over 130 people in less than five years. Our SaaS-native solutions offer greater agility and control, designed to deliver a new standard for data management, with a faster time to market.

Built as a bitemporal engine and using open APIs, LUSID® ingests and translates data across organisations’ existing operational stack and wider ecosystem. The data platform supports IBOR, ABOR, tax-lot accounting, valuation and risk workflows. Luminesce®, a data virtualisation engine, solves the need to find and securely gather an extended world of data in real-time, enabling deeper insights and analytics.

Together, they cover a depth of critical data management processes, for start-up managers, through to global investment institutions. Delivering data management as a service, we aim to provide a cutting-edge, cloud infrastructure that sits at the heart of the global investment industry.

About Baillie Gifford

Baillie Gifford is an independent investment partnership founded in Edinburgh in 1908, focused on long-term growth investing in some of the world’s most exciting companies. With 1,488 staff and assets under management of £352bn, it has offices in Edinburgh (HQ), Dublin, Frankfurt, Hong Kong, Krakow, London, New York, Shanghai, Toronto and Zurich (as at 30 June 2021).