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Erste Sparinvest (Austria) goes live with StatPro Risk Management

Erste Sparinvest Kapitalanlagegesellschaft has successfully completed the
implementation of StatPro Risk Management at its Vienna office. Erste is the
capital investment company of the Erste Bank and the Austrian savings banks.
Erste is responsible for a total fund volume of 21.5 billion Euros invested in 365 funds and is the second largest capital investment firm in Austria.

Erste Sparinvest uses StatPro’s risk management service for risk control and
Value at Risk reporting to comply with the UCITS III regulations and client
reporting requirements on all of its funds on a daily basis. Sascha Peyravan,
Head of Performance and Risk Management Development says that daily risk
analysis is now possible on their entire portfolio of funds, including client
reporting on each individual fund.

ERSTE Sparinvest have been using StatPro’s Performance and Attribution Software since 2001 and StatPro Composites since 2002. Sascha Peyravan explains that they perform stock level attribution on a daily basis. He says: "Our institutional customers as well as our board of directors and fund managers are the recipients of our reports and analysis. Our reporting achievements have been highly praised by our customers and also by our fund managers."

He explained: "The key to the success of the system is the central data
management of the StatPro solution. All data is locally stored on our server – so we have full access to the data."

Sascha states that an important factor in making their selection decision was to do with the relationship and service they have received: "A very important point is the superb client service from StatPro’s Frankfurt Office. StatPro’s client support is accessible 24 hours a day and any problems are solved very quickly. We are convinced of the quality of StatPro’s software solutions and we see StatPro as strategic partner for our new developments."