The Chicago-based investment management firm is a member of BMO Asset ManagementTM (âBMO AMâ), and primarily provides services to Endowment / Foundation, Corporate, Public and Taft-Hartley clients. As a group, BMO AM had $46.7 billion in assets under management (January 31, 2009).
Business analytics, marketing and client services staff in Chicago will be the end-users of the system, which features StatProâs Composites module (a multi-currency tool for composite and account reporting to achieve and maintain GIPSÂ® compliance) on a SaaS platform.
âWe are delighted that Harris Investment Management has chosen us, initially signing a contract for our bureau service late last year,â said Mark Bramley, CEO North America at StatPro. âBy January 2009, we were providing reports that included their reconciled historical data for up to thirteen years on some composites. In terms of this new implementation, we have set up almost 1,400 accounts comprising 39 composites.â
Global Investment Performance Standards (GIPS) are a set of ethical principles used by investment management firms. The principles establish a level playing field among asset managers in creating performance presentations that communicate investment results to prospective clients.
Jennifer K. George - Director, Investment Operations at Harris Investment Management, said: âWe selected StatPro because it was clear that they had not only in-depth knowledge of the industry and GIPS requirements, but also superior customer service and attention to detail. They were able to help us transition to the StatPro system seamlessly and they continue to provide personalised support, driven by the specific needs of our firm. In addition, we find StatProâs technology to be both reliable and robust.â