Orfival, a leading provider of innovative performance measurement and attribution solutions to the global asset management community today announced the selection of their flagship product 'GPMS' by MLOZ Mutual for management reporting and portfolio analysis.
MLOZ (Union Nationale des Mutualités Libres) is a group of 7 dynamic mutual insurance companies. MLOZ guarantees quality services tailored to the current needs and requirements of compulsory and voluntary insurance. They also provide hospitalization insurance (HOSPITALIA). Together they represent more than 2 million members and have approximately 2,450 employees relying on a network of 279 local agencies.
Thierry Maroil , Asset Manager - MLOZ commented; "The selection of GPMS developed by Orfival allows us to strengthen our performance measurement monitoring and risk across all portfolios and asset classes. The functional richness and flexibility of GPMS Analytics contribute significantly to the quality of our periodic management reports".
Philippe Gregoire, Head of Product Development - Orfival emphasizes the benefits of this new partnership; "GPMS offers a wide range of features to assist our clients who face the challenges of the evolving world of financial instruments and management techniques. Our product GPMS Analytics helps to achieve clear and sophisticated reports. For mutual and insurance companies GPMS offers the possibility of exploiting all the accounting and market data available".
Dick Vanwolleghem, Chief Financial Officer - MLOZ, commented on the selection of GPMS Analytics; "It is imperative to have tools for reporting and management for investment committees and our Board of Directors. We believe that GPMS Analytics is fully in line with the specific needs of our company".
"We are absolutely delighted with this new win for Orfival", comments Philippe Gregoire. "This confirms that GPMS meets the needs of the asset management industry. This new contract strengthens our presence in Europe and positions Orfival as a major player in the software industry for portfolio management".