StatPro Group, a provider of portfolio analytics and financial data solutions for the global asset management industry, has signed a three-year deal with Nomura Asset Management for its hosted GIPS compliance platform.
Reportedly, Nomura will be using StatPro Composites, a multi-currency and portfolio reporting solution, which provides platform for obtaining and maintaining compliance with the Global Investment Performance Standards (GIPS).
StatPro platform is expected to provide Nomura with GIPS compliance team control over the audit and verification process, help to maintain composites, and reduce implementation and administration costs. It has added that StatPro will be implementing StatPro Composites at Nomura’s Tokyo, Singapore, Hong Kong, Kuala Lumpur, London and New York offices.
Kiyoshi Matsumoto, managing director, Nomura Asset Management, said: “StatPro Composites is able to both handle multi-currency and multi-lingual requirements. It also offers support across the global time zones – these were important factors for us.”
