NIB Capital Asset Management, the joint venture of Dutch pension fund managers ABP and PGGM, has licensed the PAM investment management and accounting software from New Jersey-based Princeton Financial Systems.
NIB Capital Asset Management, based in Utrecht, Netherlands, specialises in the analysis, structuring and management of European fixed income and derivative portfolios and provides pension funds, insurance companies and banks with an opportunity to invest in these portfolios via its Mutual Funds investment management and accounting system.
As well as selecting PAM for its Mutual Funds system, the company has also licensed complementary PAM software, including the import module, cash data acquisition module, PAM custodian trade notification and FrontLine suite.
Michael van Diemen, managing director of NIB Capital Asset Management, says: "We made the decision to go with PAM because of its complex fixed-income capabilities, the mutual fund processing and ability to work with our chosen middleware and other complementary systems to enable us to achieve straight-through processing."
He adds: "Also critical to our decision was the positive experience that ABP has had with PAM."