OPTrust selects ALM solution from Ortec Finance

Ortec Finance Publication
24  mrt 

Toronto, March 2016 – OPTrust, a leading Canadian pension management organization, has recently decided to license the asset liability management solution of Ortec Finance. OPTrust invests and manages one of Canada’s largest pension funds with more than 86,000 members and retirees. Ortec Finance is a global provider of software and consultancy in the field of risk and return management, with headquarters in The Netherlands.

Getting in-house ALM capabilities

OPTrust was looking to enhance its asset liability management capabilities and strategic decision making by conducting ALM analyses internally, thereby decreasing its dependency on outside advisors. The ALM solution from Ortec Finance enables OPTrust to model future developments of the pension liabilities and assets in a consistent manner. It is based on a sophisticated framework that uses a state-of-the-art economic scenario generator. OPTrust can now perform various types of analysis to address the specific needs and goals of the OPSEU Pension Plan. James Davis, CIO at OPTrust, said: “OPTrust is implementing a member-driven investing strategy that considers assets and liabilities in an integrated way. Sophisticated tools like Ortec Finance’s ALM solution help us continue to align our activities with the interests of the Plan’s members.”

Ortec Finance in Canada

In recent years Ortec Finance has become an important partner to several large Canadian pension funds, providing asset liability management and investment performance solutions. OPTrust is Ortec Finance’s fifth large institutional client in the Toronto region. Pieter Wijnhoven, who heads Ortec Finance Canada, expressed great excitement over the recent agreement: “We are very proud that a prestigious organization as OPTrust has chosen our ALM solution. It confirms once more that our solutions match very well with the Canadian financial industry“. The Dutch financial service provider, with international offices in London and Zurich, has recently opened an office in Toronto. “This was a logical step,” according to Wijnhoven. “Our presence in Canada has been growing for several years now. Opening an office in the financial district of Toronto merely underlines this development and signifies our commitment to serve our Canadian clients even better. Moreover, it’s a potential stepping stone to the broader North American market.”

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