NAB selects new analytics platform
National Australia Bank (NAB) has chosen global risk analytics and performance reporting platform, StatPro Revolution, as its analysis platform.
NAB Asset Servicing executive director, John Comito, said the platform would allow daily online access to updated performance and risk analytics.
"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 [Australian Prudential Regulation Authority's] Standard Risk Measure," Comito said.
The appointment of StatPro within NAB will take effect following a transitional phase from the existing provider.
StatPro is a global provider of analytics solutions for the investment community, which uses a cloud-based platform to measure portfolio performance and risk.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.