Nationwide Financial has selected DST Global Solutions's Anova middle office investment analytics solution to strengthen its managed account performance measurement and reporting capabilities.

DST said Anova is designed to enable clients to report managed account performance to retirement plan clients in a more detailed and timely manner.

Currently, Nationwide uses an in-house solution to compile managed account performance data. The Anova solution incorporates an on-demand global operating model which will allow financial firm to reduce manual processes, and allow the end-user to drill down into assets for convenient reporting.

DST Global Solutions vice president of sales and marketing for the Americas Rick McCarthy said Anova is designed to allow investment management organizations, from large financial institutions, such as private banks and wealth managers, to smaller asset managers, to rationalize their reporting and drill down into the data in a more timely and effective manner.

According to the DST, the Anova provides a suite of investment analytics applications for the middle office function on a global operating platform and allows investment managers to gain a holistic view of their business critical financial, risk and analytical information.