StatPro Group, a global provider of portfolio analytics and asset evaluations services for the asset management industry, has announced that MFC Global Investment Management (MFC GIM), an institutional asset management business of Manulife Financial, has signed a contract for its GIPS compliance software.
Global Investment Performance Standards (GIPS) are a set of ethical principles used by investment management firms. The principles establish a globally standardised, industry-wide approach to creating performance presentations that communicate investment results to prospective clients.
The agreement is to utilize StatPro composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPS compliance), through our SaaS platform.
The system will support MFC Global’s performance and analytics teams in London, Toronto, Boston, Hong Kong and Tokyo. Through SaaS platform, the implementation will be faster and less expensive. Regardless of location, users will be able to access data and applications, share functions and reporting.
Mark Bramley, CEO North America at StatPro, said: “The purchase of the StatPro Composites system will enable MFC to manage GIPS compliance on a global basis using a single platform. The deal supports our position as the premier provider of composites management software.”
