Teknometry, the on-demand performance analysis software provider for asset managers, investors and advisors, announces today that it has signed a contract with Royal London Asset Management to provide investment performance analysis across its entire portfolio, as the leading UK asset manager seeks to expand its analytical capabilities.
Royal London Asset Management (RLAM), which has around £50bn of assets under management, has selected Teknometry's new cloud-based service, offering performance, attribution and risk analysis. RLAM manages assets on behalf of a wide range of institutional and wholesale clients, as well as that of its parent company, Royal London Group (the UK's largest mutual life and pensions company). Teknometry will provide the scalability to expand RLAM's analytical capabilities in terms of volume and functionality.
"We have been taking steps to expand the reach whilst consolidating the number of our analytical tools. We chose Teknometry because of the flexibility of its solution and the experience of the team," said Rakesh Kumar, Head of Collectives and Performance Measurement at RLAM. "Teknometry was able to integrate our existing data and workflows in a very short time frame, with very little procedural change. This made migration relatively pain free. Additionally, Teknometry's development programme coincides with our strategy for expanding our analytical capabilities. The Teknometry operating model is a good fit with the way in which we acquire services across the business."
Mick Brant, Managing Director of Teknometry: "We are very excited to have attracted a client of RLAM's calibre. Leading asset managers are recognising the need for an affordable alternative to a locally installed performance system or hundreds of complex, and often cumbersome, spreadsheets."