Aviva Investors signs for StatPro GIPS compliance software

Source: StatPro Group

StatPro Group, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announces that Aviva Investors has signed a contract for its GIPS compliance software, heralding StatPro's first global SaaS implementation.

Aviva Investors is a global asset management business owned by Aviva plc, the fifth largest insurance group in the world. The three-year deal is for StatPro Composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPS® compliance), within StatPro's hosted environment.

"This agreement means that StatPro is now integrated into Aviva Investors global GIPS compliance project," said Justin Wheatley, StatPro Group's CEO. "Aviva Investors has been using StatPro Composites in the UK and Ireland since 2003 based on the system's performance, it has now become their hosted global GIPS solution, rolled out to five additional sites in Paris, Des Moines, Melbourne, Warsaw and Bucharest."

GIPS compliance and verification was achieved with the help of StatPro Composites as the facilitating system in this new environment. All manufacturing offices were verified by December 2009.

Mark Goodey, Head of Performance at Aviva Investors: "StatPro was able to offer a cost-effective hosting solution which enabled easy deployment to these sites. We are now benefiting from GIPS verification for our offices around the world, improved service level agreements and global support on a 24-hour basis."

Performance, client reporting, marketing and RFP teams around the twenty offices will have access to the system.

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