pControl Oversight has enabled Jupiter to automate the collection of fund valuation data and the subsequent independent verification of its daily NAV prices.

Continued regulatory pressure has increased the need for asset managers to have a robust solution for oversight of externally produced NAVs. Jupiter’s funds span the UK and Luxembourg, bringing two different regulatory frameworks into the picture as well as two outsourced partners. Jupiter has standardised its daily oversight operations across Europe, with a solution that works across three product ranges domiciled in two regions. This has removed the pressures of manual validations and provides scalability to the business, resulting in a robust daily oversight process that operates within required operational timeframes.

Andy King, Supplier Relationships Director at Jupiter said: “With the phenomenal growth in our fund range in the last few years, we realised it was time to review our manual approach to oversight. Installing pControl Oversight has enabled us to automate all of the heavy lifting and standardise our validation approach, meaning we can now execute our NAV testing in a more robust and timely manner. We’re now very well equipped for the future and can focus on adding real value to our business and our clients.”

Paul Roberts, Managing Director of Milestone Group in EMEA, added: “Increasing regulatory pressure is causing asset managers to look for a fully automated oversight solution that can offer certainty around this key function. With Jupiter, the deployment accommodated the additional challenge of a third-party service provider migration, providing continuity of a strong control environment. pControl Oversight provides Jupiter with a high level of assurance over NAV accuracy, as well as the option of deploying a backup or contingency NAV should that requirement arise in the future.”

“We’re pleased to welcome Jupiter to a growing community of organisations that are modernising their approach to oversight and other retained operational functions, and we look forward to working together during this exciting period.”