NAB Asset Servicing today announced it has selected StatPro Revolution as its new performance and risk analytics reporting platform.
Executive General Manager, NAB Asset Servicing, John Comito, said the selection of StatPro is another example of how NAB is incorporating innovative and industry-leading technology to address the changing needs of clients.
"Our clients will be able to access more information than ever before through this integrated performance and risk product," Mr Comito said.
"The StatPro Revolution platform not only represents the next generation of analytics software, but also enables daily online access to performance and risk analytics. This will enable clients to better manage their investment portfolio with up-to-date information, which is critical in today's challenging economic environment.
"For example, clients will now be able to look through their investment structure in detail, including looking at unitised trusts, multiple performance attribution models, scenario stress testing and APRA's Standard Risk Measure.
"NAB's extensive expertise and local regulatory knowledge in Australia, coupled with StatPro's award-winning analytics product will enable our clients to support their investment decision making processes with confidence," Mr Comito said.
StatPro CEO, Justin Wheatley said: "NAB Asset Servicing wants to offer their clients the best possible service for portfolio analytics in the fastest and most scalable way, while maximizing their control over the data to ensure full compliance. We believe that StatPro Revolution, with its state of the art cloud technology, can meet their expectations, and we look forward to working closely with them."
StatPro's appointment will take effect following a period of transitional work. In the meantime, NAB will continue to deliver performance and risk analytics services to its clients using its existing provider.