Bita Risk Solutions, providers of investment risk analysis tools, today announced the successful launch of 'Bita Monitor', its new private client portfolio monitoring tool.
BITA Monitor provides 'measurement-against-mandate' portfolio analytics to private client investment management firms, stockbrokers and private banks by monitoring client portfolio risk against original investment mandates and identifying 'outliers' - client portfolios lying outside their mandate. BITA Monitor helps firms assess and manage their risk exposure to outliers at a number of levels: by client, manager, division and region through to cross-organisational risk assessment where required as well as the risk within the portfolio itself.
In a climate of increased regulatory scrutiny and economic uncertainty, BITA Monitor helps firms assess and manage their clients' portfolios' risk- whether measured by volatility or Value at Risk (VaR). Many firms have adopted a variety of manual processes which can involve considerable complexity when bringing data together across an organisation; BITA Monitor delivers an automated and efficient analytical process.
Information provided by BITA Monitor is designed to be easily accessible and fully transparent, helping firms manage their 'Treating Customers Fairly' (TCF) requirements, and manage their client portfolios through early outlier identification, exception management and progress reporting.
Commenting on the success of the launch, Daryl Roxburgh, Global Head of BITA Risk said, "We created BITA Monitor from a simple premise: to help firms whatever their size and investment approach, position themselves to retain existing clients, meet regulatory requirements and accommodate future growth. BITA Monitor is designed to provide the necessary transparancy to help both client managers and firms alike, understand their exposure to portfolio outliers and to manage this risk and the risk of the individual portfolios, ensuring stability in anticipation of further growth. We are delighted to have received such a positive response to BITA Monitor from CEO's and managers alialike."