NEPC selects pControl processing platform
12 March 2015 Boston
![Generic business image for news article](https://www.assetservicingtimes.com/assetservicesnews/images/ThursdayMarch1220151426159483.jpg)
Investment consultant NEPC has chosen Milestone Group’s pControl as its core platform to provide end-to-end account processing for its growing discretionary business.
pControl will provide a single platform for managing and streamlining the portfolio’s activities, including analytics, trading, cash management and valuations.
It automates controls over various aspects of the business, therefore reducing operational risk.
Milestone Group’s offering comes as a response to the industry’s recent focus on making internal operations more efficient, and should allow NECP to perform better in asset allocation, manager search, performance evaluation and investment policy.
Steve Charlton, head of NEPC’s discretionary business, said: “pControl allows us to shift a range of key functions for our business onto a single platform, streamlining and simplifying decision support, fund trading and compliance capabilities with the scale and flexibility to support our business. Of the multiple systems reviewed, we felt Milestone Group’s was the best fit to support us for the long term.”
Robert Caporale, managing director and head of Milestone Group in North America, said: “Milestone Group has been providing a broad set of operational solutions to our investment management clients for many years.”
He added: “We’re looking forward to working with NEPC in support of its growing discretionary services business and continuing to build on our successful relationship with them in the future.”
pControl will provide a single platform for managing and streamlining the portfolio’s activities, including analytics, trading, cash management and valuations.
It automates controls over various aspects of the business, therefore reducing operational risk.
Milestone Group’s offering comes as a response to the industry’s recent focus on making internal operations more efficient, and should allow NECP to perform better in asset allocation, manager search, performance evaluation and investment policy.
Steve Charlton, head of NEPC’s discretionary business, said: “pControl allows us to shift a range of key functions for our business onto a single platform, streamlining and simplifying decision support, fund trading and compliance capabilities with the scale and flexibility to support our business. Of the multiple systems reviewed, we felt Milestone Group’s was the best fit to support us for the long term.”
Robert Caporale, managing director and head of Milestone Group in North America, said: “Milestone Group has been providing a broad set of operational solutions to our investment management clients for many years.”
He added: “We’re looking forward to working with NEPC in support of its growing discretionary services business and continuing to build on our successful relationship with them in the future.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
![Advertisement](../images/bull-252524.png)