StatPro signs GIPS compliance deal with MFC
15 December 2009 | 1861 views | 0
StatPro Group plc, a leading provider of portfolio analytics and asset evaluations services for the global asset management industry, today announces that MFC Global Investment Management (MFC GIM) has signed a contract for its GIPS compliance software. MFC GIM is the institutional asset management business of Manulife Financial Corporation.
Global Investment Performance Standards (GIPS) are a set of ethical principles used by investment management firms. The principles establish a globally standardised, industry-wide approach to creating performance presentations that communicate investment results to prospective clients.
The agreement is to utilize StatPro Composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPS® compliance), through our SaaS platform.
"The purchase of the StatPro Composites system will enable MFC to manage GIPS compliance on a global basis using a single platform. The deal supports our position as the premier provider of composites management software" said Mark Bramley, CEO North America at StatPro.
The system will support MFC Global's performance and analytics teams in London, Toronto, Boston, Hong Kong and Tokyo. Through our SaaS platform, the implementation will be much faster and less expensive to MFC than a traditional client-side installation would have been. Regardless of location, users will be able to access data and applications, share functions and reporting.
Jacqueline Allard, Vice President and CAO at MFC Global Investment Management, said: "StatPro was chosen because of the superior functionality of the system as well as its ability to support us on a global basis."