Orfival, a leading provider of innovative performance measurement and attribution solutions to the global asset management community today announced the selection of their flagship product 'GPMS' at Union Bancaire Privée (UBP) for client reporting and performance measurement.
Union Bancaire Privée is headquartered in Geneva and is one of the major Swiss asset management banks for both private and institutional clients. It is one of the most strongly-capitalised banks in Switzerland and one of the biggest wealth-management banks in private hands, with offices in over 20 global locations this is an important win for Orfival's rapidly expanding global client base. UBP has current assets under management of CHF 65 billion (USD 69 billion) as at 31 December 2010 and employs more than 1200 staff worldwide.
UBP specialises in asset allocation and has a proven, highly-diversified portfolio-construction expertise. Orfival's GPMS product suite will help facilitate their future growth strategy, providing clear analysis on their broad product range.
GPMS is a totally modular, cross asset-class system, it is provided as a single solution within performance, attribution, risk and client reporting or as a fully integrated system depending on the client requirement.
Commenting on this recent announcement, Philippe Gregoire, Head of Product Development at Orfival underlines the benefits of this partnership; "Orfival's GPMS tool offers a broad range of functionality to assist our clients in meeting the challenges of their modern-day client demands within portfolio analysis. Our GPMS product will allow UBP to benefit from clear, accurate analysis, improved and be-spoke client reports and a reduced infrastructure cost".
"By choosing Orfival's GPMS product, we have selected a one stop global solution to support our client reporting, performance measurement and attribution analysis across balanced, equities and fixed income portfolios" comments Olivier Bomboire; Head of Client Reporting and Performance at UBP. "Quality of presentation, accuracy of data, automation and flexibility of design were the critical elements of our selection process. Our final decision to choose GPMS was due to several factors: the ease and speed of implementation and integration, the support and experience of Orfival to support the implementation and the full asset class coverage of the product. Our analysts were seeking more flexibility and sophistication whilst being able to automate the most repetitive tasks as much as possible, in a controlled environment. GPMS fits these needs and consequently, our clients will benefit from custom designed reporting in a minimal timeframe."
Sébastien Bouchet, Head of IT Asset Management at UBP comments, "As we broaden our product range and take new service to our clients is it critical that we have the right software tools to support this global expansion. It has been our aim to automate the work of the performance and reporting team thereby reducing manual checks from our analysts. GPMS fully supports this mantra, and we are fully convinced that the choice of Orfival as a strategic, innovative software partner will prove to be the right one".
"We are absolutely delighted with this crucial win for Orfival", comments Gregoire. "It aligns with our current growth strategy as we increase our client base and expand our client offering. It also supports our growing reputation outside continental Europe where we are already well established".