Rail & OV, the Dutch rail and public transport pension fund, has signed up to use Amundi’s ALTO Investment platform as its portfolio management system and provider of middle-office services.
According to a statement, Rail & OV will leverage the ALTO platform to manage direct assets and consolidate delegated assets representing approximately €23bn in total.
”Rail & OV will also benefit from Amundi Technology’s central harmonised processes and ongoing technology enhancements,” it stated, adding that the scheme will benefit from the services of key third party partners, such as BNY Mellon, the asset servicing company, with whom Amundi Technology has a strategic partnership.
“ALTO Investment is a modular SaaS Cloud platform designed for asset managers and asset owners, which offers integrated data management services across the entire investment management value chain; investment decision support, pre- and post-trade compliance, performance and risk analytics, and middle-office services,” the statement added.
Benjamin Lucas, chief executive officer of Amundi Technology, said: “Rail & OV will benefit from the combination of cutting-edge technology for their day-to-day activities and our high-performing middle office services. This agreement marks a key milestone in our positioning in the pension fund market in the Netherlands, but also for our ongoing European expansion.”
Bart Oldenkamp, chief investmetn officer of Rail&OV, added that Amundi’s integrated platform “helps us to improve our operating model and to address our future needs in data management, portfolio management, performance and reporting in the light of the upcoming Dutch pension reform.”
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