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' by Petercam for client reporting and performance measurement.
Petercam is headquartered in Brussels and is a first class investment firm specializing in private banking, institutional asset management and investment banking. It is one of the leading independent players in private hands in Belgium and has offices in seven countries in Europe. As at 31 December 2012 Petercam had assets under management totalling EUR 14 billion and employed over 420 staff in Europe.
This is an important win for Orfival's rapidly expanding global client base. 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.
François Vanzeveren, Business process officer Petercam Institutional Asset Management commented: "Selecting Orfival's GPMS suite for reporting to our institutional clients will help us to integrate first rate performance attribution, providing clear analysis on our wide range of products. Also, it enables us to fully automate our GIPS-reporting as Petercam has been GIPS-certified for ten years".
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 demands of their own investors within portfolio analysis. Our GPMS product will allow Petercam to benefit from clear, accurate analysis, and to generate improved and be-spoke client reports".
Hugo Lasat, Partner and Member of the Management Board at Petercam comments: " Quality, accuracy and flexibility that allow personalization for our clients are critical to our team. It is imperative we have the correct software tools to provide tailor-made and sophisticated reporting to our clients whilst supporting all assets classes and product types. GPMS fully supports this, and we are 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 Philippe 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 in continental Europe where we are already well established".