In a move set to shake up the world of investment management, Sit Investment Associates has joined forces with Rimes, a global leader in enterprise data management solutions, to embark on a transformative journey towards modernization. With a whopping $15 billion Assets Under Management (AUM) in the U.S. market, Sit Investment Associates stands tall as one of the largest independent, family, and minority-owned investment firms.
Mark Madden, the Manager of Client Administration at Sit Investment Associates, expressed his enthusiasm for the collaboration, stating, “Our commitment to consistently delivering unrivaled investment performance for our clients is what drives us. Therefore, our goal is to retain our leadership position, and we see modern, proven technology as an essential pillar of this unrelenting quest.”
Madden’s words underscore the firm’s dedication to staying ahead of the curve in an ever-evolving financial landscape. The decision to embrace Rimes’ Matrix investment management platform as a cornerstone of their modernization efforts reflects Sit Investment Associates’ proactive approach to harnessing innovation for the benefit of its clients.
“We have a clear vision of what we want to achieve, and thus far, Rimes has demonstrated flexibility, expertise, and a refreshing approach to our future shared success,” Madden added optimistically. “Together, we are at the start of an exciting journey which I believe will deliver tangible benefits to our clients, the Sit Investment team, and the people at Rimes.”
Stuart Plane, Chief Revenue Officer at Rimes, echoed Madden’s sentiments, emphasizing the significance of the partnership. “Following a rigorous selection process, we are honored to have been awarded this prestigious contract, and we thank them for their confidence in us to deliver,” Plane stated. “The proven Matrix investment management platform provides exceptional data management underpinned by seamless integration and automation capabilities, which Sit Investment Associates were seeking.”
The collaboration between Sit Investment Associates and Rimes marks a milestone in the realm of investment management. It signifies a shared commitment to leveraging cutting-edge technology to enhance decision-making processes, streamline operations, and ultimately drive superior outcomes for clients.
Rimes is not just another tech company; they are pioneers in providing enterprise data management solutions to the global investment community. Fuelled by a passion for tackling the most complex data challenges, Rimes empowers clients with investment intelligence that fuels over $50 trillion in AUM annually. Leading institutional investors, asset managers, and service providers rely on Rimes to make better investment decisions using accurate information and industry-leading technology.
With both Sit Investment Associates and Rimes at the helm of this collaborative effort, the future of investment management looks promising indeed. Stay tuned as this partnership unfolds, promising exciting developments that could shape the industry for years to come.