25 February 2018
Visit www.capgemini.com/worldreports

APG Investments licenses IT2 treasury management technology

29 May 2008  |  1913 views  |  0 Source: IT2

The administrator for the third largest pension fund in the world, the Netherlands based APG Investments, has selected IT2 as their new best practice cash management technology solution.

APG was incorporated on 1 March 2008 in order to administer the collective pension scheme for the government and educational sectors in the Netherlands.

The APG business comprises one main entity ("APG"), which is split between 2 divisions - Pensions and Investments. The Pensions Division consists of 4 departments, whilst the Investments Division is split across 5 platforms managing approximately 50 funds, with more than 450 portfolios, and €217 billion of assets under management.

APG uses over 4,000 external bank accounts, and operates nine cash pools with 12 banks.

APG's selection of IT2 was driven by the need to improve systems support in several critical business areas, including efficient cash pool management, timely, fully transparent account balance analysis and reporting, and internal interest allocation per fund and per portfolio.

APG will use IT2 NET to achieve integrated internal communications with more than 150 APG fund managers.

"During our detailed TMS evaluation we were impressed with the depth of IT2 cash management functionality, and the ability of the IT2 team to understand our sophisticated cash pooling structures - and to present a strong solution," comments Alex Scholts, Head of Treasury and Fixed Income at APG.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12740 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10885 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9425 views comments | 15 tweets | 27 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8792 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8702 views comments | 11 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job