Nationwide Financial selects DST Global Solutions’ Anova Performance solution
Boston - 14 July 2011
DST Global Solutions, a leading global provider of software technology and services to the investment management industry, today announced that Nationwide Financial has chosen DST's Anova middle office investment analytics solution to strengthen its managed account performance measurement and reporting capabilities. The solution is designed to enable clients such as Nationwide to report managed account performance to retirement plan clients in a more detailed and timely manner.
Nationwide currently uses an in-house solution to compile managed account performance data. The Anova solution incorporates an On-Demand Global Operating Model which will allow Nationwide to reduce manual processes, and allow the end-user to drill down into assets for convenient reporting.
Rick McCarthy, managing director, Americas at DST Global Solutions commented, “We are pleased that Nationwide chose to implement Anova Performance. As performance and risk management come under increasing scrutiny from both regulators and clients, a growing number of organizations are under pressure to report more frequently and in greater depth. Anova is designed to allow investment management organizations, from large financial institutions, such as private banks and wealth managers, to smaller asset managers, to rationalize their reporting and drill down into the data in a more timely and effective manner.”
Launched in November last year, Anova provides a suite of investment analytics applications for the middle office function on a global operating platform. Anova allows investment managers to gain a holistic view of their business critical financial, risk and analytical information. This is achieved through Anova's inherent data aggregation and consolidation capability and its ability to enable user customized interactive ‘role-based’ dashboards.