abrdn Opts For EQS Insider Manager
abrdn plc, formerly Standard Life Aberdeen plc, is a global investment company headquartered in Edinburgh, Scotland. A constituent of the FTSE 100 Index and listed on the London Stock Exchange, it is the largest active asset manager in the UK. abrdn recently decided to introduce a new solution for managing its insider lists, opting for EQS Insider Manager. This case study provides an overview of the reasons behind the move and how it has panned out.
The reason behind the move
abrdn formerly used an in-house insider database management system. As part of a wider IT transition exercise further to the sale of the insurance business to Phoenix, the existing solution was due to be phased out and decommissioned, leading to the search for a replacement.
Fortunately, the transition occurred at a time when providers were moving to deliver modern and innovative insider list management solutions. abrdn investigated the different options available before inviting EQS Group to provide a demonstration of their system. It was analysed by the Co Sec, Procurement and IT teams at abrdn who selected EQS Insider Manager, considering it a cost-effective, intuitive and efficient solution.
Implementation of the new system
Transitioning to a new digital insider list management system can be a daunting prospect. In the case of Insider Manager, abrdn has reported a smooth implementation process. Training was delivered by the company’s account manager at EQS Group while the software was tailored to the needs of abrdn. All questions were met with prompt responses to make the training and transition phase as easygoing as possible.
Communicating the new system
Once the relevant stakeholders at abrdn mastered the basics of the new software, it was necessary to communicate internally about its benefits and functionality. This was accomplished via an email to the PDMRS (person discharging managerial responsibilities) and Permanent Insiders that informed them that they would be receiving emails from the insider manager system in the future.