SimCorp has been selected by AP3 and AP4 as their new provider of a portfolio management system. Following a public procurement process and a thorough analysis of 13 applications, the two Swedish national pension funds have signed a front-to-back SaaS service agreement with SimCorp, covering the entire investment management value chain.
AP3 and AP4, collectively managing c. EUR100bn (USD106bn), shared the goal of achieving a modern and dynamic system architecture with more automated processes and a reduced number of separate systems, some of which had a complex, and in some cases, low levels of direct integration.
SimCorp and its long-standing partner Axioma, a risk management fintech owned by Qontigo, will jointly provide the total portfolio risk overview across public and private assets for a total portfolio view.