Dutch custodian KAS Bank is implementing Financial Models Company's (FMC) performance measurement and attribution software, FMCSylvan, and client reporting application, FMCPages.
FMCSylvan provides browser-based access to performance measurement, attribution, risk and regression analysis. Users are able to calculate a range of attribution results, including both additive and geometric methodologies, from the overall portfolio level as well as the individual security level.
FMCPages automates institutional and retail client reporting and allows invesmtnet managers to generate customised reports. Kas Bank will also use FMC's PowerPages module to generate presentations using Microsoft's Powerpoint application.
The bank chose the FMC products over eight other vendors. Henk Boelens, head of asset management and reporting, KAS Bank, says: "In the final analysis, FMC's solutions offered the best functionality, ease of use and will be the most efficient to implement and integrate into our existing infrastructure."
KAS Bank also plans to install FMC's fixed income attribution (FIA) module next year.