Sophis, a provider of cross-asset, front-to-back risk and portfolio management, announces a contract win with QIC, Australian institutional fund manager with AUD65 billion under management, providing a huge boost to Sophis growth plans in the Asia Pacific region.
Using Sophis VALUE, QIC will be able to enhance the management of its risk management solutions for its clients.
The appointment follows an extensive global search and will provide QIC with a multi-asset class, portfolio and risk management solution, which will integrate a number of existing systems and provide an improved level of functionality, data management and client reporting.
For QIC, the implementation of Sophis Value will enhance the breadth and efficiency of risk management solutions tailored to meet the needs of our clients, says Troy Rieck, managing director of QIC Capital Markets.
The present crisis has demonstrated the need for a strong, ongoing risk management capability in all funds. Sophis Value will enhance the risk management activities presently undertaken by QIC, including stress testing and scenario analysis outcomes. QIC has identified Sophis Value as a strategic enabler for our ongoing business and client servicing requirements. We see the appointment of Sophis as providing QIC with a distinct advantage in the Australian market place.
Sophis has identified the QIC implementation as a key base from which we will launch our growth strategy in the Australian market, as part of our Asia Pacific development strategy, says Pascal Xatart, CEO of Sophis.
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