Australian fund administrator FundBPO has signed a three-year contract extension with StatPro Group.
FundBPO, whose assets under administration stand at AUD 114 billion (USD 90.86 billion) globally, will continue to make use of StatPro Revolution to address the performance measurement and risk analytics needs of its clients. The new agreement also includes an extension of consulting and increased portfolio coverage.
The renewal of the mandate with StatPro Group comes in response to increasing demand for FundBPO’s middle-office services.
FundBPO CEO Martin Smith commented: “Our business is built on strong operational processes and technology platforms and we partner with specialist vendors such as StatPro Group to develop the applications we need to support our operations.”
StatPro CEO Justin Wheatley added: “We have worked with FundBPO for many years and seen their tremendous growth. FundBPO is now in a position to adopt StatPro Revolution, which is fast becoming the de facto solution for fund administrators. This enables reduced turnaround time to clients by using StatPro Group’s highly scalable performance and risk service.”
