SS&C Technologies, a global provider of financial services software and outsourcing solutions, today announced that Allianz Nederland Asset Management BV, the tenth largest asset management firm in the Netherlands, has migrated its 30 investment funds to SS&C Altair, SS&C's portfolio management solution for the Benelux market.
"We've been a SS&C client for 18 years, and we've always found SS&C to be a great partner", said Arto Willemsen, CEO of Allianz Nederland Asset Management BV. "The migration from Mabel to SS&C Altair has provided us with a single, comprehensive solution across all security and fund types, is able to scale with our growth, and helps us deliver timely, transparent and mutli-Gaap reporting."
Allianz Nederland Asset Management BV, a wholly owned subsidiary of Allianz, is managing in excess of $6 billion Euros, for institutional clients through group members, including insurance firms, selected Altair for its ability to handle a full range of instruments and transaction types including multi price costing of securities.
"As our clients' practices expand and anticipate growth, we are able to offer them advanced portfolio management solutions designed to evolve with their client's business and market requirements," said Bill Stone, Chairman and CEO, SS&C Technologies. "We're proud to contribute to Allianz Nederland Asset Management BV ability to improve their portfolio management and reporting and develop and handle new business."
Several asset managers in the Netherlands are experiencing greater market acceptance by using SS&C Altair's industry-leading Investment Financial Reporting Standards (IFRS) solution to grow their business. Altair, a leading portfolio management solution, fully compliant with Sarbanes Oxley and International Financial Reporting Standards (IFRS), supports a full range of financial instruments and transactions types, and can handle Multiple Accounting Frameworks, Extensible Business Reporting Language (XBRL), and regulatory reports and interfaces specific to the Dutch market.