Increase efficiency to scale your OCIO business strategy

Aon PLC

Aon is a leading global professional services firm that provides a wide range of risk, retirement, and health solutions with $3.5 trillion assets under management (AUM). Aon’s managed assets include: retirement plans and pensions for corporations, endowments and foundations.

FEATURED PRODUCTS

INDUSTRY

Professional Services

HEADQUARTERS

London, United Kingdom

GOALS

Grow Aon’s investments business globally and improve its asset management capabilities.

Aon’s technology partnership with Bloomberg will have long-lasting benefits, including continually enabling Aon to innovate and compete against competitors.

This buy-side technology solution includes new capabilities and tools, including capabilities to help support fund workflows as well as cash management tools.

Unlocking greater automation and scale improved Aon’s efficiency, enabling the company to invest more in the future and enjoy more capacity and bandwidth to focus on developing the OCIO arm while simultaneously reducing its risk of error.

“If we wanted to open up funds in Luxembourg, or Germany, or anywhere else, we needed to have an approach that would make us nimble and scalable. We had to step back and determine the common denominators for doing this in a global fashion so that we could develop the best model with the same processes — to the extent possible — and apply it globally.”

Gail Weiss
Global Chief Operating Officer, Investments at Aon

Situation

As Aon shifted from advising as an investment consultant to doing asset management as an OCIO, for example, Aon found that its people were challenged using the legacy systems. Aon continually modified the systems but were challenged upgrading it to deliver all the functionality the OCIO business needed.

As part of its investments business, Aon acts as an Outsourced Chief Investment Officer (OCIO) for organizations such as corporations, endowments, and foundations.

Aon standardizes core processes, improves transparency, and achieves greater automation and scale.

Aon realized that modernizing its technology capabilities would help its investments business develop and grow OCIO relationships.

Problem

For Aon to add more OCIO clients and expand the OCIO business to new types of institutional investors including endowments and foundations, Aon’s system and processes needed to be able to service more complex needs. Bloomberg’s Buy-Side Solutions met Aon’s requirements.

Shifting needs as the business transitioned from investment advisor to asset manager

Data visibility and clarity issues

Solution

In response to a top-down desire to grow Aon’s investments business and improve its asset management capabilities, Aon executives engaged in an extensive evaluation process that ultimately determined Bloomberg’s integrated Buy-Side Solutions as the best fit for the future of Aon’s OCIO arm.

Bloomberg and Aon met extensively so Bloomberg could gain a clear understanding of the OCIO workflow and accurately scope out the right solution. The ultimate solution’s foundation is Bloomberg AIM, a leading order and investment management technology solution, which is integrated with Bloomberg’s Portfolio & Risk Analytics solution (PORT Enterprise) and the Bloomberg Terminal.

Standardized, automated OCIO processes that make Aon more efficient and effective

Global support team provides insightful solutions, available 24/7

“We wanted to create an operating model that was consistent enough that if that client came to us with needs in multiple jurisdictions, we were able to deliver something that looked and felt the same even if the rules are slightly different. Bloomberg made that possible.”

Gail Weiss
Global Chief Operating Officer, Investments at Aon

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