StatPro Group plc, a leading provider of portfolio analysis and asset valuation services for the global asset management industry, today announces that Trasset International S.p.A, an international software solution provider for banks and financial institutions has signed a partnership agreement to integrate the StatPro Risk Service into the Trasset banking platform.
Trasset has operations in over 19 countries spanning across Europe, the Middle East, America and Asia and customers include ING Bank, Raiffeisen Bank, AXA, Allianz and Al Rajhi Bank.
Trasset is keen to offer risk management functionalities within its own suite. The integration of the StatPro risk engine together with the data service will allow Trasset's customers to access a state-of-the-art risk application. "In line with our strategy to further expand the use of our solutions via third party partners, we believe that Trasset's market position coupled with StatPro's reputation for excellence will be of mutual interest. Ultimately, this deal will further improve the quality of services provided by Trasset to its existing customers" said Michel Lempicki, StatPro Corporate Development Director. "This agreement takes us one step closer towards our ambition to reach a presence in countries where StatPro is not physically located . We have the expertise in the risk management domain, Trasset has the market knowledge. We are therefore looking forward to this cooperation and are keen to expand it even further."
Deployment of the risk management tool will begin in Q2 2011.
Albert Fekete, Chief Executive Officer at Trasset International: "We are committed to continuously finding new ways to make our clients more and more satisfied with Trasset solutions and services. We carried out a long and accurate software selection to find a reliable partner which could deeply complement our products in the risk management area, having a robust methodology and a strong reputation at a global level. We found all those characteristics in StatPro. Thanks to this in-depth integration, StatPro VaR and other portfolio risk management analytics will empower Straight-Through-Processing (STP) and Reporting of our Asset & Wealth management and Treasury management systems."