VPD Risk & Performance is chosen as Global Performance Solution by BBVA AM

15 November 2010

VPD is a leading provider of solutions to the asset management industry. The flagship product suite – VPD Risk & Performance – provides functionality and value to asset management operations.

BBVA AM is a global asset management company present in Europe, Asia, North America and Latin America, with assets under management exceeding €120 billion worldwide. It is a division of a leading international bank, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), based in Spain, with significant operations in Latin America and a number of European countries.

After a thorough RFI/RFP-process aiming at a solution for Enterprise Data Management (EDM) for the Global Performance Function, BBVA AM has now chosen VPD Market Data Centre, part of VPD Risk & Performance. The solution will serve as a global repository of performance-related data for all accounts.

“Using VPD Risk & Performance as the central tool and global performance database gives as the flexibility to develop our business. It will help us diversify the content of our services aiming at various market segments. But we will also have a strong and highly efficient tool for data integration and quality assurance as the number of sources and the business volume increase even more in the coming years”, says Javier Eiriz, Executive Director, Valuation and Performance at BBVA Asset Management.

“We are very proud of serving this highly prestigious asset manager with a global solution for critical data”, adds Johan Lundman, Managing Director at VPD, and continues: “Winning this deal strengthens my belief that our focus on data management aspects when analysing and reporting risk- and performance is a key success factor for us serving the asset management industry”.

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