Russell/Mellon is developing its next generation performance attribution system: Russell/Mellon MAP (Measurement and Attribution of Performance).
Russell/Mellon MAP is a global, daily, security-level solution that will build on the experience gained from Russell/Mellon’s existing systems, including IMS Enterprise and RPA. Based on the IMS Enterprise architecture, Russell/Mellon MAP will be launched during the first half of 2005. Clients who currently use RPA and IMS32 (IMS Enterprise’s predecessor) will continue to be supported and will have the opportunity to upgrade to the new system.
Mick Brant, Chief Executive Officer, Russell/Mellon Europe, commented: “This move underlines our commitment to our existing RPA and IMS clients to provide state-of-the-art performance solutions that meet their growing needs. Russell/Mellon MAP will combine extensive functionality with the depth and breadth of indices that only we can offer. For the first time, both the Russell and CAPS methodologies will be available on the same platform.”