Eduard Varvara (Barings, MassMutual) - How Barings is Shaping a Culture of Innovation
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Barings is undergoing a multi-year initiative called Project Domino to transform its technology systems and data management across public and private assets. The project aims to simplify platforms, improve processes, and make data more accessible and organized. Key project teams include data teams to build APIs, data stores, and analytics; software teams to develop applications for research, client onboarding, and data visualization; and a cloud team to migrate systems to the cloud. The overall goal is to provide complete and accessible information to the company through modernized infrastructure.
Eduard Varvara (Barings, MassMutual) - How Barings is Shaping a Culture of Innovation
- 2. Barings-Internal Use Only Agenda About us Journey in Romania Our goals Our teams Q&A
- 3. Barings-Internal Use Only About us Barings is a global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate and specialist equity markets. They have a global presence with investment professionals based in North America, Europe, and Asia Pacific. Barings is owned by Massachusetts Mutual Life Insurance Company (MassMutual). In 2021, a decision was made to transform their systems and data warehousing / management solutions across both public and private asset businesses – ‘Project Domino’ $371B AUM 1,800 Employees 1,200 External Clients
- 5. Barings-Internal Use Only Our initiative is a multi-year initiative launched in July 2021, focusing on Barings’ end-to-end Investment life cycle. We aims to provide a holistic data solution, by simplifying our platforms. It will transform the technology and business processes to improve teammate experience, accommodate new product offerings and alleviate strain on business operations caused by outdated systems and data architecture. Our goals Our program's ultimate goal is to provide information that is completely organized and accessible to the entire company.
- 6. Barings-Internal Use Only Our teams: Data Teams 1. Building a metadata driven ETL framework that provides a data integration and transformation layer that works across our digital transformation initiatives a) Prepare data, construct ETL processes, orchestrate and monitor pipelines driven through Metadata. b) Enable code free ingestion and export for generic datasets 2. Building our Data APIs that allows multiple consumers to connect to data from various systems a) Separation layer between consumers and producers b) Data access on demand 3. Building a system to provide a consistency way of interpreting data 1) Using multiple sources 2) Establish the point of truth
- 7. Barings-Internal Use Only Our teams: Data Teams 4. Design the data structures for Data stores and Semantic Data Layer a) Dimensional data modeling for Data Hubs and Semantic Layer b) Provide a consistent way of interpreting data 5. Data analysis a) Using multiple sources to ingest into Operational Hubs b) Data modeling c) Report scheduler 6. Covers a large variety of requests which are related to the BI tools a) Support internal teams at Barings in developing, maintaining and governing their reporting infrastructure b) Automating various repetitive tasks by developing and maintaining flows in Power Automate.
- 8. Barings-Internal Use Only Our teams: Software Development Teams 1. In-house application to allow our users to build their own web apps on-demand: a) Connect to multiple data sources b) Visualize data 2. Developing a new on-boarding experience for our new and existing clients. 3. Building a research portal that will create an efficient, improved process around research data allowing users to make deeper and stronger investment decisions. a) Enable collaboration between users b) Subscribe to various events c) Mobile support d) Emphasis on user experience e) Build with scalability in mind
- 9. Barings-Internal Use Only Our teams: Cloud Team • Cloud-first approach • Migration of our on-prem applications • Build new applications cloud native • Our target • Improve reliability and agility with cloud-native applications • Scale up and down globally, being transparent on cost • Establish governance and operational structures • Clarify risk and compliance mandates to establish security controls and mitigation