StatPro Group plc, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announces that Brisbane-based superannuation fund QSuper, has completed the implementation of StatPro Seven's performance and attribution SaaS platform.
This is part of QSuper's three-year strategic plan to improve its in-house investment capability and performance analytics solutions, in order to take a larger role in managing how QSuper's members' funds are invested.
The 90-year old fund, which is for current and former Queensland government workers and their spouses, has more than 535,000 members and over $32 billion in funds under management. It is rated among the top 300 pension funds in the world and was awarded "Super Ratings" 5 Year Platinum Performance for the period 2006 - 2011.
QSuper's CFO, Michael Cottier commented: "We're constantly looking at ways to improve the products and services we offer. A key element of our strategic plan is developing a more 'hands-on' approach to the management of our members' funds by implementing a number of initiatives, including the creation of a QSuper Limited investment team. The implementation of StatPro Seven was a key part of this process. We are delighted with StatPro Seven, it is providing us with comprehensive analytics reporting in a timely and efficient manner, as well as an enterprise investment data warehouse capability. The project was implemented both on time and to budget and we are delighted with the excellent level of support that StatPro Australia provided to us both during and post implementation."
Greg Howell, StatPro's CEO for Australia and Asia Pacific, commented: "This deal stemmed from QSuper's strategy of providing in depth analytical data to its clients, backed up by a scalable SaaS platform capable of managing the process of growth. This agreement strengthens StatPro's already excellent reputation in the region and our thorough understanding of the local market requirements."