Published:
Local Government Pension Institution LGPI Licenses ALM Solution From Ortec Finance
ROTTERDAM, The Netherlands , July 3 /PRNewswire/ -- LGPI, the pension
institution for local governments in Finland , has signed an agreement with
Ortec Finance to license its Asset Liability solution for pension plans Ortec
Finance PALM. The ALM solution enables LGPI to formulate ALM strategies based
on Ortec Finance state of the art scenario generation, asset and liability
methodologies. The selection of was made after a thorough search and
evaluation process.
"Based on our extensive evaluation process, we selected Ortec Finance due
to the strength of its offering as well as their proven experience in
supporting organizations like ours throughout the strategy development
process. While the technical evaluation of the tool is important to us, so is
the partnership we expect to build with an organization like Ortec Finance"
said Timo Viherkentta, Deputy CEO, LGPI.
Tommi Moilanen, Investment Strategist added "at LGPI we focus on
continuously improving our strategy development process: Ortec Finance will
focus on providing the technology platform and making sure it is adapted to
our specific circumstances allowing us to focus on what matters."
"We are delighted that a professional organization like LGPI has chosen
us and look forward to a long term strategic partnership with this team,"
said Sinikka Demare, Managing Director at Ortec Finance.
About LGPI
The Local Government Pensions Institution is responsible for providing
and financing employment pensions for local government officeholders and
employees inFinland. Its member organizations include all Finnish cities,
other municipalities and joint municipal boards. Municipal associations and
limited liability companies may also apply for membership. At the end of
2008, LGPI was managing assets of Euro 20 Bio.
About Ortec Finance
Ortec Finance is a global provider of technology and advice for risk and
return management. Ortec Finance helps improve investors' decision making and
decision monitoring by encapsulating knowledge in software models. The
company designs, builds, and applies solutions for asset-liability management
and performance attribution. Established inRotterdam in 1981, Ortec Finance
has over 150 employees. Clients are located all over the world and range from
pension funds, insurers and asset managers to municipalities, housing
corporations and private wealth managers. Through collaboration with the
academic community Ortec Finance remains at the forefront of innovation.
http://www.ortec-finance.com
SOURCE ORTEC Finance
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