Mindtree to drive digital transformation for Western Asset Management

Mindtree said that it has been selected as a strategic partner by US-based fixed-income investment manager Western Asset Management to help propel innovation and differentiated experiences for the latter’s global investors.

The Indian IT firm will initially work with Western Asset’s team on the IT infrastructure and applications portfolio, as well as in facilitating various business initiatives.

Under the multi-year partnership, Mindtree will enable the fixed-income investment manager to build an operating model with greater flexibility that is able to quickly adjust to changing business requirements and speed up time-to-value.

Ric Okun — Western Asset Global Head of Information Technology said: “Western Asset is excited to partner with a sophisticated managed service provider that has the proven ability to transform IT services using best-in-class tools and platforms to drive efficiency and help us meet our evolving business needs.

“We are very pleased to have selected Mindtree, largely due to the company’s proven experience in driving IT transformation and their talented team.”

Mindtree will utilize its deep domain as well as digital expertise to help Western Asset expedite the transition to a platform-based operating model. It will also help the US firm automate enterprise systems and ensure that the latter follows industry-leading best practices in IT services. This will allow Western Asset to scale overall productivity, delivery, and agility.

Venu Lambu — Mindtree Global Markets Executive Director and President said: “We are pleased to be a part of Western Asset’s technology transformation journey to deliver higher levels of efficiency and effectiveness.

“As part of this strategic partnership, we look forward to enabling a fundamental shift in Western Asset’s IT operating model. Complementing Western Asset’s distinctive client-centric approach with scalable and resilient technology will further boost the firm’s ability to continue to meet and exceed client expectations.”