Nedbank, the fourth largest bank in South Africa, has signed for StatPro Seven Performance, Attribution, Fixed Income, Compliance and Analytics Reporting modules plus Index Data services.
âThis deal stemmed from Nedbankâs strategy of providing in depth analytical data to its clients, backed up by a scalable solution capable of managing the anticipated growth. StatPro already has an excellent reputation in the region and a thorough understanding of the local market requirements,â said Robin Kemper, CEO, StatPro South Africa. âThis agreement takes us one step closer towards our aim of creating a single analytics data standard in South Africa.â
Deployment of the system will begin in October 2010.
Louise Currie, General Manager at Nedbank: âThis implementation will provide us with full performance, attribution and compliance functionality that we can manage and pass on to our clients in a scalable manner, whilst ensuring that industry standards are not only met but exceeded. In keeping with the requirements of the local market, we are keen to implement StatPro Portfolio Compliance - recognised as the market leader in South Africa.â