IBM, SunGard, and GoldenSource Corporation announced the launch of the Enterprise Data Management (EDM) Council.  Formed by over 20 C-level executives from corporate and investment banks, asset management companies, securities services firms and industry vendors, the Council is designed to create, enhance and sustain awareness of EDM as an urgent priority for the financial services industry. IBM, SunGard and GoldenSource are the founding sponsors of this strategic initiative, which is expected to attract additional sponsors and members from the vendor and financial services communities.

The goal of EDM is to standardize and integrate reference and transaction data that includes the five categories of data central to business processes and information needs in the financial services industry: securities, customers, counterparties, transactions and positions.  The Council will promote EDM and related standards as a solution to help meet today's data management challenges while providing assistance on data management issues to its members. Council members are leading figures in the financial services community, bringing knowledge and expertise on the issues.

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