ROTTERDAM, Netherlands, May 5, 2011 /PRNewswire/ -- Pension Fennia, a private sector pension provider in Finland, has signed an agreement with Ortec Finance to license an Asset Liability and Risk Management solution including the modeling of the Finnish private sector solvency regulations. The ALM solution enables Pension Fennia to formulate ALM strategies based on Ortec Finance state of the art multi-horizon scenario generation, asset and liability methodologies. In addition to the ALM framework, the model incorporates an ex ante risk management tool with specific focus on tail risks.
"Based on a thorough evaluation process over the last several months, we decided on choosing Ortec Finance due to the strength of its offering as well as their experience in supporting organizations like ours in advanced risk management. The fact that the model is capable of incorporating the specific Finnish rules into the globally proven platform was clearly a decisive factor for us. The technical evaluation of the tool is of course important for us but so is the partnership we expect to have with an organization like Ortec Finance" said Irmeli Heino, Director of Finance, Risk Management and HR
"We are delighted that Pension Fennia has chosen us and look forward to a long term strategic partnership with this team. We remain committed to the Finnish market which clearly consists of professional entities ready for advanced solutions" said Sinikka Demaré, Managing Director and Partner at Ortec Finance.
Note to Editors
Ortec Finance is a global provider of technology and advisory services for risk and return management. Established in Rotterdam in 1981, Ortec Finance today has 160 employees who combine quantitative skills, business awareness, and extensive practical know-how for delivering innovative and practical solutions. Our client base comprises leaders in the pension, investment management, insurance and private wealth management markets, and is long-standing and global. Our focus is firmly on providing support for the decision making of both institutional and private investors.
We help improve investors' decision making and decision monitoring. We design, build, and apply solutions for asset-liability management, risk management both ex ante and ex post and performance measurement and risk attribution. Our solutions derive from the combination of software models and advisory services. Our strong ties with the academic community ensure continued leadership in innovation.
SOURCE Ortec Finance