Milestone Group has secured its first UK client for its investment analytics software, pQuant.

Henderson Global Investors, a UK investment management firm with £59.2 billion in assets under management, has become Milestone’s first pQuant client since the Australian technology provider opened an office in London two years ago. Having already established a presence in the UK with its funds processing software, pControl, Geoff Hodge, chief executive, said that Milestone would now be promoting pQuant alongside pControl. “We are responding to feedback in the UK and Europe that performance attribution systems need to satisfy new requirements, beyond simple calculations,” he said. “There is a demand for the automation of end to end processing, as well as a more flexible environment for more sophisticated data analysis, such as the ability to supply ad hoc analysis and reporting.” Henderson will use pQuant to measure performance and attribution, primarily for client reporting and fixed income attribution. Milestone’s Australian pQuant clients include Promina, ING Investment Management and Macquarie Wrap.