BI-SAM awarded European Middle Office Provider of the Year

London - 13 December 2011

BI-SAM, a leading provider of performance measurement, attribution and client reporting solutions for the global investment management industry, today announced been voted “European Middle Office Provider of the Year” at the Funds Europe Awards.

The Funds Europe Awards recognise individual and company achievements and contributions within the European funds community and credit those who have advanced the cross-border agenda in the funds industry. An understandable focus on risk management, regulation and reporting has made the middle-office function more important than ever before. This year’s award sought to recognise the data-related services that met fund managers’ increased reporting and compliance requirements. Judges were looking for a system that offered fund managers flexible, cost-effective, reliable and efficient ways to meet these requirements. Indeed, BI-SAM entered its platform solution, B-One for the first time and was awarded thanks to among other factors, its expert and high-technological functionalities and excellent client service.

Nicholas Pratt, Funds Europe technology editor and convenor of the judging panel, commented: “Data management, performance and risk measurement are all increasingly important disciplines for fund managers in light of changing fund structures, investor demands and new regulatory requirements. BI-SAM demonstrated for the judges its belief in developing its platform based on client’s needs and adding new capabilities for UCITS compliance and GIPS certification, for example. The success of this approach was underlined with significant client signings in 2011. BI-SAM also formed strategic partnerships with relevant firms to widen its offering and also catered for small and medium sized asset managers with a hosted and managed service offering.”

Receiving this award, Anthony Howland, COO of BI-SAM Ltd, added “It is such an honour to be awarded European Middle Office Provider of the Year and we are very thankful for this industry recognition. The BI-SAM teams are working together to continue improving and developing B-One to meet our clients’ needs and satisfaction. Actually, the best award we receive every year is our clients’ trust… I have to say, 2011 was a challenging year and thanks to our organisation and skilled teams, B-One remains one of the leading products in the asset management industry and we are very proud of it.”

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