STATPRO Group plc, a leading provider of portfolio analysis and asset valuation services for the global asset management industry, today announces that Trasset International S.p.A, an international software solution provider for banks and financial institutions has signed a partnership agreement to integrate the StatPro Risk Service into the Trasset banking platform.
Says a spokesperson: “Trasset has operations in over 19 countries spanning across Europe, the Middle East, America and Asia and customers include ING Bank, Raiffeisen Bank, AXA, Allianz and Al Rajhi Bank.
“Trasset is keen to offer risk management functionalities within its own suite. The integration of the StatPro risk engine together with the data service will allow Trasset’s customers to access a state-of-the-art risk application.”
Said Michel Lempicki, StatPro corporate development director: “In line with our strategy to further expand the use of our solutions via third party partners, we believe that Trasset’s market position coupled with StatPro’s reputation for excellence will be of mutual interest.
“Ultimately, this deal will further improve the quality of services provided by Trasset to its existing customers.
“This agreement takes us one step closer towards our ambition to reach a presence in countries where StatPro is not physically located. We have the expertise in the risk management domain, Trasset has the market knowledge. We are therefore looking forward to this co-operation and are keen to expand it even further.”
Deployment of the risk management tool will begin in Q2 2011.
Said Albert Fekete, chief executive officer at Trasset International: “We are committed to continuously finding new ways to make our clients more and more satisfied with Trasset solutions and services.
“We carried out a long and accurate software selection to find a reliable partner which could deeply complement our products in the risk management area, having a robust methodology and a strong reputation at a global level. We found all those characteristics in StatPro.
“Thanks to this in-depth integration, StatPro VaR and other portfolio risk management analytics will empower Straight-Through-Processing (STP) and reporting of our asset and wealth management and Treasury management systems.”
For further information please contact:
Jeanine Leuckel, StatPro
Tel: 020 8410 8655
Fabienne Pasquion, Ascension Consulting
Tel: 020 7100 6111 / 07984 119846
Notes to Editors
Michel Lempicki is available for interview upon request.
Trasset provides integrated and modular STP Front-, Middle- and Back- Office systems. The company solutions gained reputation around the flexibility and capacity of automation with applications supporting both conventional and Islamic finance. Trasset targets commercial banks, central banks, custodian banks, clearing houses, debt management agencies, asset management companies, and other financial institutions working in asset and wealth management, Treasury management, retail and corporate banking (credit management) domains.
For more information on Trasset, please visit the website at http://www.trasset.com
StatPro is a leading provider of portfolio analytics and asset valuation solutions for the global asset management industry. The company sells a SaaS-based analytics and data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a complex asset pricing service.
For more information on StatPro, please visit our website at http://www.statpro.com
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