ROTTERDAM, June 13, 2013 /PRNewswire/ --
Ortec Finance, a global provider of technology and advisory services for risk and return management, announced today that OMERS, one of the largest pension plans in Canada, has signed an agreement to license and implement its Asset/Liability Management (ALM) software for pension plans. The ALM modeling software enhances OMERS ability to review and assess its asset mix in terms of its pension liability structure and current and future possible investment and economic environments. The selection of Ortec Finance was made after a thorough search and evaluation process.
"One of the key factors in selecting Ortec Finance was their experience in supporting organizations like ours in advanced asset/liability management," said Graham Pugh, Vice President, Investment Risk Management of OMERS.
"We are extremely delighted and proud to have such a prestigious and reputable institution as OMERS among our valued and long-standing partners worldwide," said Fred Heemskerk, Head of Global Markets at Ortec Finance. "This decision reaffirms that our ALM modeling solution and expertise is well suited to cater to the increasing demands of Canadian pension plans to manage their balance sheet risk in an advanced way".
About Ortec Finance
Ortec Finance is a global provider of technology and advisory services for risk and return management. The company's focus is firmly on providing support for investment decision-making for institutional and private investors. Its long-standing and global client base comprises leaders in the pensions, asset management and private wealth management markets. Ortec Finance designs, builds, and applies solutions for asset-liability management, ex-ante and ex-post risk management, performance measurement and risk attribution, and financial planning.
OMERS is one of Canada's largest pension funds with over $60 billion in net assets. It provides first-class pension administration and innovative products and services to 430,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate.
SOURCE Ortec Finance