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Bita Monitor to be integrated with JHC’s Figaro platform

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Bita Risk Solutions, a provider of investment portfolio risk analysis tools, has entered into a commercial partner agreement with JHC for the integration of its Bita Monitor product into JHC’s Figaro platform for stockbrokers and wealth managers.

Charles Stanley, a UK stockbroking, corporate finance and institutional advisory group, has been signed as the first client to take advantage of the combined offering.

Bita Monitor is designed specifically for private client investment management, wealth management and private banking firms. It provides “measurement-against-mandate” portfolio analytics for private client investment management firms, stockbrokers and private banks by monitoring client portfolio risk against original investment mandates and identifying any outliers.

Bita Monitor helps firms assess and manage their risk exposure to outliers at a number of levels. Assessment can be made by client, manager, division and region, can provide cross-organisational risk assessment or assess the risk within the portfolio itself.

Figaro provides large-scale stockbrokers and wealth managers with a robust and scalable core system solution designed to provide efficiency throughout an organisation and its operating processes. It is a fully integrated real time STP solution, and offers a combination of CRM, portfolio management, web, order management and settlement and custody.

Andrew Butcher, chief operating officer of Charles Stanley, says: “We are impressed with Bita Monitor and the Bita/JHC partnership. By combining forces they enable brokers and wealth managers to use a single software approach not only for front and back office functionality and process automation, but also to provide risk and analytical tools.”

Daryl Roxburgh, global head of Bita Risk, adds: “We are delighted to be partnering with JHC, widely recognised to be the one of the leading providers of private client software solutions. In a climate of increased regulatory scrutiny, the information provided by the Bita Monitor module is designed to be easily accessible and fully transparent, helping firms not only measure and manage their client portfolios but also meet their Treating Customers Fairly regulatory requirements. We believe that Charles Stanley’s adoption of Bita Monitor is a reflection of the challenges facing many large firms and we are delighted that we can provide a solution with JHC.”

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