Published on November 13, 2009
Rotterdam, 29 October 2009 –-
Ortec Finance,
a global provider of technology and advisory services for risk and return management , has been selected by Skandinaviska Enskilda Banken AB (SEB) a leading North European financial group, offering universal banking services including wholesale, investment and private banking services, to provide performance evaluation via Ortec's PEARL solution.
SEB Wealth Management division required a Performance Attribution and Measurement system (PA) that could improve evaluation for its institutional client base and help consolidate and improve methods company-wide. A specific requirement from SEB Wealth Management was that any new system would be able to address Investment Decision Levels and Structure above the mandate level and their related PA methods. SEB Wealth Management also wanted a solution that could increase the efficiency and accuracy of its evaluation process providing optimal capacity, volumes and speed, and which could be implemented across all areas of the business in due course.
Ortec's PEARL solution offers flexible, reliable fully-automated performance measurement. Its unique design enables it to deal with investment decision processes (IDP) that involve a variety of asset classes, derivatives (overlays), and management styles, delivering solid figures on how investments truly perform
.
Commenting on the appointment
Elske van de Burgt
, Managing Director Investment Performance at Ortec Finance said ; "We aim to be one of the leading providers of performance evaluation and attribution for asset managers. Our appointment by SEB is our fourth client win in Sweden alone as we continue to gain traction in the asset management space. In addition to the strength of our solution, Ortec will provide expert support and advice throughout the implementation process to ensure the PEARL system is implemented efficiently".
About Skandinaviska Enskilda Banken AB (SEB)
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Ukraine and Russia and a global presence through its international network in major financial centres. On 30 September 2009, the Group's total assets amounted to SEK 2,233bn (~EUR 219bn) while its assets under management totalled SEK 1,295bn (~EUR 127bn).The Group has about 20,000 employees. Read more about SEB at
www.sebgroup.com
.