SanPaolo IMI Asset Management is to use Financial Models’ Sylvan and Sylvan Indices for investment performance measurement and attribution. SanPaolo IMI is the largest player in the Italian investment management market.
In selecting the system, SanPaolo wanted to automate its existing approach to performance measurement and incorporate its own proprietary models for attribution.
Giuseppe Malinverni, director of information systems at SanPaolo, comments: “It was important to us that the system could slot into our current IT infrastructure, interfacing with other in-house systems, and using our own in-house developed models for performance calculations.”
Sylvan enables users to define any number of asset class and sector schemes for each portfolio and then create and select a choice of attribution model structures and benchmark comparisons, says FMC. Output may be tailored for management, marketing and client services divisions.