NAB Asset Servicing has selected StatPro Revolution for performance measurement and risk analytics reporting.
The Australian custodian said the mandate is part of a wider plan to incorporate innovative technology in order to address the changing needs of its clients.
The StatPro Revolution platform offers access to performance, attribution, contribution, allocation and risk analytics across a full portfolio, and supports various asset classes and data models.
It is intended to help firms to improve efficiency and reduce costs, while helping them to manage regulated funds.
NAB Asset Servicing will continue to use its current service provider throughout a transitional period.
John Comito, executive general manager of NAB Asset Servicing, said: “The StatPro Revolution platform not only represents the next generation of analytics software, but also enables daily online access to performance and risk analytics. This will enable clients to better manage their investment portfolio with up-to-date information, which is critical in today’s challenging economic environment.”
He added: “NAB’s extensive expertise and local regulatory knowledge in Australia, coupled with StatPro’s award-winning analytics product will enable our clients to support their investment decision making processes with confidence.”
StatPro CEO Justin Wheatley said: “NAB Asset Servicing wants to offer its clients the best possible service for portfolio analytics in the fastest and most scalable way, while maximising their control over the data to ensure full compliance.”
“We believe that StatPro Revolution, with its state-of-the-art cloud technology, can meet their expectations, and we look forward to working closely with them.”
NAB provides custody, investment administration and other services to both Australian and international clients.
