Tailor-made solutions, in-depth expertise and customised service make the difference.
RELYING ON TRUSTED RELATIONSHIPS
With more than 100 successfully implemented customer projects, Profidata Group has proven expertise in implementing complex requirements for a wide range of customer profiles from the financial sector:
Fund management-
companies
Depository banks
Private & institutional
asset managers
Private banks
& family offices
Insurance companies
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Allianz Investmentbank AG implements the investment management system XENTIS from Profidata for the administration of its funds and mandates. The solution will be operated in Profidata’s ISAE 3402 certified cloud infrastructure (Xcloud) as ‘Software as a Service’. |
Sonja König, Member of the Management Board of Allianz Investmentbank AG, explains: ‘After evaluating alternative providers and systems, we quickly realized that XENTIS was the right system for implementing our strategy. The offer from Profidata with the coordinated elements of software, operation and project setup as well as the excellent customer references convinced us. With XENTIS as a Service, we will be able to reduce complexity, swiftly react to new requirements and increase our efficiency, which ulti-mately benefits our customers.’
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Following the acquisition of LRI Invest and the former Warburg Invest business, the Apex Group decided to reassess the various software solutions used in Luxembourg for investment fund administration. The Group offers customers different system solutions depending on the asset class and their individual requirements. Frank Alexander de Boer, a member of the Management Board of LRI Invest S.A., is delighted that the introduction of XENTIS as an integrated successor solution will allow Apex to respond even more rapidly and efficiently to new demands from the customer segment and also to further optimise service quality and security for customers.
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XENTIS was designed from the ground up for fund administration use.
‘As a leading financial services provider, the Apex Group stable of brands – Apex, EDB, FundRock and LRI – spans all key services: Super ManCo, corporate and fund administration as well as depositary and custody services, either as an integrated single-source or stand-alone solution. The functions developed by XENTIS, such as order processing, fund accounting and investment limits monitoring, complement each other to provide optimal support for users, and thus fit perfectly with our business model,’ adds Frank Alexander de Boer. Learn more: |
| The independent financial advisor and asset manager Anderes Finanzberatung AG relies on e-AMIS for the management of its customer assets. The wealth Management system of the Profidata Group (Profidata) came out on top in the selection process over numerous other competitors. ‘e-AMIS’s intuitive operation and high level of flexibility won us over. The system is advanced in terms of functionality and is technically sophisticated’, said Walter Anderes, partner and managing director of Anderes Finanzberatung AG. |
‘We place great value on Profidata as a business partner and rely on their employees, who demonstrate a great understanding of our requirements and are able to incorporate them swiftly into the system’.
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| Bank Frick has opted for the XENTIS Investment Management System XENTIS from Profidata Group (Profidata). Bank Frick is the latest addition to a group of prominent banks using XENTIS in the cloud (Xcloud) for more efficient management of its custodian business.
Raphael Haldner, who heads up the Fund & Capital Markets arm of Bank Frick, is confident that Profidata is the right partner for the shared journey into the digital future of custodian services: ‘With Profidata taking over additional services such as hosting and data management, we are free to concentrate on our customers and the day-to-day business. This flexible and scalable solution, which we can customise to suit our own requirements very quickly, significantly improves our competitiveness in the fund management and custodian services business. |
It builds the technical foundation for Bank Frick’s ambitious growth plans in the area of innovative fund management services and in the trading and safekeeping of cryptocurrencies. Profidata understands and supports the implementation of our business model and is the preferred business partner for us.’ Learn more: |
| Profidata AG has convinced another high-level provider of custody services, Bayerische Landesbank (BayernLB), of the impressive functionality of its XENTIS software for efficiently processing the very diverse tasks involved in its custodian business.
Stefan Hoerpel, head of department for custody services for the group’s own capital management companies at BayernLB, explains: ‘As a ‘Modell 2’ custodian, we consider it essential to have our own, independent solution for fund accounting and investment limit controls. We are confident we have made an excellent choice in XENTIS, a market-leading product that is the best solution for us. An important factor in choosing the software was also that XENTIS is very well established in the German custody services market. The new solution significantly boosts our performance capacity and thereby further increases security and efficiency for customers of BayernLB.’ |
Johann Maurer, head of department for custody services for the non-group capital management companies served by BayernLB, comments: ‘In the past I’ve been consistently impressed by the powerful functionality and user friendliness of XENTIS. As one of the first users among German capital management companies and custodians, I can look back on many years of positive experience with XENTIS. I am delighted that BayernLB is now switching to an innovative, versatile and well-established fund accounting system, so that it is extremely well equipped to meet the future challenges of the custody services market.’ Learn more: |
| With Basellandschaftliche Kantonalbank (BLKB), another cantonal bank relies on XENTIS software as a service (XaaS). The latter is operated on the private cloud infrastructure (Xcloud). | ‘By taking over additional services from Profidata, such as technical monitoring and administration as well as the initial configuration of the desired investment compliance functionality, we will be able to create more time for BLKB’s clients and day-to-day business in the future,’ says Patrik Janovjak, CIO and Head Investment Center of BLKB.
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| Covenant Capital, a Singapore-based independent wealth manager that empowers investment professionals to be better stewards of their clients’ assets, has adopted Profidata’s e-AMIS platform.
‘The integration of technology into our offerings is a key pillar of Covenant Capital’s ambitious growth strategy, which focuses on providing a wider spectrum of services aligned with the investment and wealth planning interests of high net worth individuals (HNWIs) and families in Asia. e-AMIS has truly enhanced our teams’ capabilities to perform the role of the family/investments office for our clients. |
This includes supporting our relationship managers and client advisors’ efforts in delivering greater customer satisfaction by improving the client servicing process. Clients with multiple bank accounts can also now ascertain asset, geographic, and sector risks holistically. Our investments team can review attribution of returns, and compliance risk limits can be set more efficiently and effectively.’ said Edwin Lee, CEO, Covenant Capital. Learn more: |
| The DC Bank Deposito-Cassa of the city of Bern has decided to implement the e-AMIS wealth management system. With a system change to the new software the venerable Bernese establishment plans to extend its asset management and establish a secure basis for the future.
Regarding the implementation of e-AMIS, Roberto Longoni, project manager at DC Bank said: |
‘e-AMIS is a modern and efficient system solution for asset management capable of growing alongside our growing needs and demands. Both the product itself and the expertise and cooperative partnership shown ensured that we were confident about Profidata from the beginning’.
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Schweizerische Mobiliar Asset Management AG (Mobiliar Asset Management) is now using Profidata’s XENTIS investment management system to manage assets in its insurance, pensions and fund management businesses. Sven Rump, Managing Director of Schweizerische Mobiliar Asset Management AG, is very satisfied: |
‘We have achieved our goals of automating asset management for our insurance, pension scheme and fund management activities in just one system, and performing them efficiently. XENTIS is now the main hub for our group’s investments.‘ Learn more: |
| DZ BANK is Germany’s second largest commercial bank. As a leading financial institution and central bank serving around 850 local cooperative banks in Germany, DZ BANK also acts as corporate bank and parent holding company of the DZ BANK Group. DZ BANK AG is consolidating its custodian business using the XENTIS Investment Management System from Profidata AG, thus setting the strategic direction for continued growth in the future.
Peter Tenbohlen, the responsible divisional head at DZ BANK AG, explains: ‘Since the merger between DZ BANK and WGZ BANK, the development of our custodian business has been very encouraging. Now is the right time to move up a gear and consolidate the business on a cutting-edge technical platform. |
Implementing XENTIS as an integrated custodian solution enables us to scrap many legacy systems, thereby considerably reducing the degree of complexity. In the future this will allow us to respond even more quickly to new challenges and continue to raise both service quality and security for our customers.’
‘XENTIS was designed from the bottom up for fund administration. Functions such as portfolio reconciliation, fund accounting and investment limit checks are interlinked in such a way that users enjoy optimal support. In this context, Profidata’s extensive know-how in this area was also important for us,’ adds Susanne Zyrus, head of Custodial Services at DZ BANK AG. Learn more: |
| Evangelische Bank eG implements XENTIS as its central platform for portfolio management and for performing depositary functions. In addition, all order and trade management processes will be automated using xpass.
Michiel van der Meer, Division Manager Corporate Services (Organisation & IT) at Evangelische Bank eG, emphasises: ‘Achieving our strategic objectives requires the use of a software solution that can be tailored to our business model. |
The integrated investment management system XENTIS combined with xpass meets this requirement perfectly. We consider it equally important to have a reliable and conciliatory business partner like Profidata.’
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| After a period of detailed evaluation, Vienna-based Bank Gutmann AG (Bank Gutmann) has selected XENTIS as its central asset management software platform. A high level of functional coverage, modern software architecture and the Profidata Group (Profidata) company culture were the determining factors in their decision.
Adolf Hengstschläger, Partner and Member of the Bank Gutmann Management Board, said: |
‘Bank Gutmann’s strategic business areas can be developed in a more goal-oriented manner through application of XENTIS as an integrated and comprehensive asset management system for our investment company, custodian bank and asset management. We’ve found the right business partner in Profidata. This is a company fully capable of completing such a complex implementation project on time and with whom we can work in close cooperation’.
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Hauck & Aufhäuser Luxembourg expands their XENTIS installation, the software platform already in use for the fund accounting business, by licencing the modules ‘Investment Compliance’ and ‘Order’. The current best-of-breed solutions will be completely substituted by XENTIS by 30th June 2012. Mr. Jürgen Maximini, project manager in charge of the pre-evaluation at the Hauck & Aufhäuser subgroup in Luxembourg, explains the advantages of the modular and integrated system XENTIS: ‘The decision to expand our use of XENTIS into the middle office, was significantly driven by the fact that in XENTIS workflows across all functional modules can be configured, while the base of transaction-, position-, market-, and master data remains integrated. |
With the deployment of XENTIS, we not only profit from the enhanced functions but we can also reduce the number of interfaces and the operational risk as well as corresponding costs. The XENTIS modules ‘Investment Compliance’ and ‘Order’ comply with our high quality requirements and will significantly increase the efficiency at Hauck & Aufhäuser in Luxembourg’.
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| ‘Automated EMIR reporting requires an IT system not only capable of fulfilling the necessary technical requirements but also implementing the functional aspects of this regulation in a controllable manner. | XENTIS is the right solution’ states Dr. Christian Ebersberger, IT Director at Helaba Invest GmbH.
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| Dr. Christian Popp, Managing Director at Helaba Invest Kapitalanlagegesellschaft mbH in Frankfurt / Main, about the implementation of the XENTIS insurance module and enhancing their service offering for insurance companies:
‘The new field of insurance investment management complements Helaba Invest’s universe of offered services. |
In this market, adherence to regulatory and internal policies to safeguard the assets is crucial. The advantages given by XENTIS to be able to respond quickly and flexibly to changing regulatory requirements are essential for our business. With XENTIS we also have the opportunity to realise future requirements for the insurance community. Profidata`s software supports our approach to intensify our efforts in this client segment’.
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HM Trust AG (HMT), an asset management company belonging to the HanseMerkur Insurance Group, is using XENTIS by Profidata to strengthen its portfolio and risk management processes. HMT implemented the Swiss software solution to standardise not only internal work processes in portfolio and risk management, but also external trading and reconciliation procedures. Raik Mildner is Chairman of HM Trust AG and member of the Management Board of the HanseMerkur Insurance Group. Asked about the choice of XENTIS, he explains: ‘We needed a modern and flexible software solution to implement and expand our business model. |
After evaluating a number of alternative systems, we chose XENTIS as the central application for HMT’s investment management. The excellent working relationship we enjoyed during the project and the fact that implementation was delivered successfully and within budget confirm our impression that, in XENTIS and Profidata, we have found not only the right solution but also the right partner.‘ Learn more: |
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Kreissparkasse Köln is another major savings bank to choose Profidata’s marketleading XENTIS software solution to expand and modernize its depository business. With ”XENTIS as a Service”, provided in Profidata’s ISAE 3402-certified cloud infrastructure (Xcloud), Kreissparkasse Köln benefits from powerful functions optimized for depositaries and thus achieves an increase in the security, efficiency and quality of its business processes. |
Kreissparkasse Köln emphasizes the partnership-based and professional approach of Profidata Group, which convinced them in their decision-making process in addition to the performance of the depository solution. ”The service modules of XENTIS follow a coherent red thread. We expect the use of this new software solution to further optimize the processes in our depository business in terms of the best possible customer service and thus to sustainably expand our position in the market,” explains Ralf Clashinrichs, Head of Depository at Kreissparkasse Köln. Learn more: |
| With the Liechtensteinische Landesbank (LLB), another long-established financial institution in the fund business is relying on the software and software as a service solution of Zurich-based Profidata.
The first step was the introduction in Austria. Group CDO Dr. Patrick Fürer highlights the advantages of the cross-border use of the platform for the LLB’s new fund powerhouse: “Due to the standardization of processes, the use of a uniform cross-border infrastructure and the outsourcing of hosting and operation to Profidata, the LLB Group not only gains in efficiency, but also significantly lower costs for hardware, interfaces and data management. Furthermore, the XENTIS know-how already available at LLB Swiss Investment due to the long-standing partnership with Profidata provides us with low training costs at group level.” |
Asked about the choice in favor of Profidata, Natalie Flatz, responsible for International Wealth Management at the LLB Group and Chairwoman of the Supervisory Board of LLB Austria, adds: “In Profidata, we have found a reliable provider whose specialized XENTIS software will technically enable us to further expand our position as a leading asset management bank, as a unique fund powerhouse, and as a reliable partner in institutional business in the years to come.”
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| Marcel Weiss, Managing Director of LLB Swiss Investment AG, comments: ‘Given our strong commitment to openfunds, we are happy to take a lead role ahead of other fund management companies and become an early adopter of this standard. We believe in the new standard and expect it to provide far more efficient transfer of investment fund data. This is an even more effective way of meeting our need for high data quality. | Profidata is yet again demonstrating its ability to respond quickly to the latest innovative market requirements by implementing new features in XENTIS.’
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| With Lombard International Assurance S.A., Luxembourg, another leading insurance company decides in favour of XENTIS in the investment management. Thereby Profidata is able to strengthen its position in this market segment.
Eric Lippert, information technology director for Lombard International Assurance S.A., is convinced: |
‘With XENTIS we have chosen the most eligible system for our business model requirements. The decision also fell in Profidata’s favour as the company has proven to be a reliable and solution-orientated business partner’. Learn more: Press release of 18th July 2013 |
| LUKB Expert Fondsleitung AG, the fund management subsidiary of Luzerner Kantonalbank AG (LUKB), has opted for the hosted variant XENTIS cloud (Xcloud) provided by Profidata Group (Profidata). LUKB joins the ranks of other Swiss cantonal banks already using XENTIS as their investment management system.
Gregor Zemp, Managing Director of LUKB Expert Fondsleitung AG, is a convert: |
‘Our fund management processes can be expertly implemented in XENTIS and thus automated to a large extent. Profidata’s Xcloud solution also enables us to accommodate additional requirements in a swift, uncomplicated manner. With Profidata, we feel we are perfectly catered for as a member of the XENTIS community.’ Learn more: Press release of 15 July 2015www.lukb.ch |
| The Luxembourg-based fund administration and service company navAXX S.A. (navAXX) has decided to implement XENTIS as the central fund management application. Key reasons for this resolution include the extensive facilities offered by XENTIS for automating business processes and producing regulatory reports.
navAXX Managing Directors Joachim Hennen and Thomas Spinner explain: |
‘The need to expand our business model while preserving the high quality of our customer service, the stringent regulatory requirements and the automated process control mean that we need a professional and efficient software solution. XENTIS meets all our requirements.’
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Pax Asset Management AG (Pax AM) relies on the integrated investment management solution XENTIS. This is to be used from the front-to-back for portfolio management, investment controlling for the insurance company, and fund management. The solution, which is operated by Profidata in the private cloud, helps to manage the assets of the Pax Group amounting to approximately CHF 9 billion. CEO of Pax AM Christian Zurfluh is convinced: |
‘The introduction of XENTIS as an end-to-end front-to-back solution not only fulfils the explicit goals of automation in the areas of portfolio management, pre-trade control, electronic trading & execution as well as performance monitoring, but also the implicit goals of Pax AM, i.e., improving quality, and avoiding operational risks. Thus, Pax AM lays another cornerstone to achieve its ambitious growth targets.’
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| PvB Pernet von Ballmoos AG (PvB) is using the XENTIS cloud (Xcloud) service from the Profidata Group (Profidata). Hence another highly regarded Swiss fund management company now relies on the XENTIS investment management system for its fund administration.
‘To allow us to focus on our customers’ needs, we require powerful software that supports our fund management activities without us having to operate our own IT infrastructure. |
Profidata’s Xcloud service meets all these requirements perfectly,’says Philipp Keller, Managing Partner at PvB Pernet von Ballmoos AG.
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| The independent PMG Fonds Management AG (PMG) has selected the XENTIS investment management system from Profidata Group (Profidata). The Swiss fund manager relies on XENTIS cloud (Xcloud), Profidata’s service for financial service providers, who wish to outsource their IT operations.
Dr. Raoul Dobal, Member of the Management Board of PMG Fonds Management AG explains the reasons for this decision:‘Three criteria were decisive for Xcloud: |
XENTIS is flexible and can therefore be adapted quickly to our requirements, Profidata’s employees understand our business, and their comprehensive services are economically attractive.’
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Security Kapitalanlage Aktiengesellschaft (Security KAG) relies on the new ‘XENTIS as a Service (XaaS)’ solution of Profidata Group. The investment company of Grazer Wechselseitige Versicherung AG thus has its complete investment management system at its disposal without having to maintain its own IT infrastructure. |
‘The outsourcing of our XENTIS solution to the Xcloud from Profidata allows us to focus even more on portfolio management as our core competence. At the same time, Xcloud allows us to flexibly adapt the infrastructure to our growing needs. The transition from ‘on-premise’ to ‘Xcloud’ was smooth. We consider ourselves to be perfectly positioned both technically and operationally while being optimally prepared for future requirements’, says Stefan Winkler, board member of Security Kapitalanlage Aktiengesellschaft.
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| Security Kapitalanlage AG (Security KAG), Asset Manager of the Grazer Wechselseitige Versicherung AG decided for XENTIS, the investment management system of Profidata Group.
‘With the ability for economical and performance-based management of our customer’s funds, XENTIS is the most suitable system for Security KAG. In future, manual tasks and their potential risks can be reduced to a minimum. |
Also, it was important to us to find a competent and reliable business partner in Profidata Group,’ comments Mag. Dieter Rom, Managing Director of Security Kapitalanlage AG, the company’s decision.
Extract from the press release of 19 December 2014 Learn more: |
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With Sparkasse KölnBonn, another provider of depositary services is relying on Profidata’s XENTIS SaaS solution to meet the ever-increasing demands of the market and regulatory authorities on a permanent basis. Having the entire depository process in the integrated investment management system XENTIS enables the replacement of the applications previously used by Sparkasse Köln- Bonn. In addition, the efficient operation of XENTIS in Profidata’s ISAE 3402 certified cloud infrastructure (Xcloud) as “Software as a Service” will relieve the Sparkasse. This allows the specialist department to concentrate fully on its banking tasks, while security and efficiency are increased. |
Dr. Andreas Dartsch, member of the Board of Directors of Sparkasse KölnBonn, explains: ‘When deciding on Profidata, it was important for us to rely on an experienced partner that is established in the depository market. The joint project team with employees from Sparkasse and Profidata worked together excellently. As a result, we succeeded in implementing XENTIS and migrating all funds within 10 months, without disrupting the ongoing day-to-day business in the depository. With XENTIS, Sparkasse KölnBonn is ideally positioned for the future.’ Learn more: |
| The Austrian savings bank Sparkasse Oberösterreich (OÖ) has selected the e-AMIS wealth management system from the Profidata Group as the principal platform for their trust business. The system will already be in operation by the second quarter of 2012. Mr. Helmut Zauner, Head of Portfolio Management at Sparkasse OÖ, explains the decision for e-AMIS: | ‘We feel wealth management is a strategic business segment in which continued growth should be expected. With e-AMIS on the service side, we will be applying customised software that supports all procedures in an efficient manner and helps us along the path to expansion’.
Extract from the press release of 20th February 2012 |
| Stefan Rockel, Managing Director of Universal Investment GmbH and Chairman of the Tax Committee of the German federal industry association ‘Bundesverband Investment und Asset Management e.V.’, summarises the situation: ‘The entry into force of the Investment Tax Reform Act entails a lot of extra workload, ties up considerable human resources for all investment companies affected, and also puts us under time pressure. Although there are still a lot of unanswered questions, it is even more important that Profidata has come up with an appropriate solution incredibly quickly so that tax treatment can be handled correctly. | We are confident that XENTIS will also be able to accommodate the new regulations on the taxation of retail and institutional investment funds due to come into force on 1 January 2018 to our full satisfaction.’
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| Warburg Invest AG (formerly known as NORD/LB Asset Management AG) has managed to roll out the XENTIS software system in the space of just ten months. During that time, fund assets of EUR 19.7 billion and asset management mandates totalling EUR 12.9 billion, invested in a variety of asset classes using complex fund and portfolio structures, were migrated to XENTIS.
Marc Knackstedt, director of NORD/LB Asset Management AG, sums it up: ‘The decision to replace the existing system following a change of ownership at our previous service provider wasn’t an easy one. After assessing alternative providers and systems, it was clear to us that XENTIS is the right system for implementing our strategy. The project was completed on time and on budget, |
and the live system is now working flawlessly, which confirms that we took the right decision and that Profidata is the strong business partner we were looking for. Not only is XENTIS a well-established software product, but we also benefit from the pooled experience of an active user community. By minimising interfaces and increasing the efficiency, we are able to achieve a sustained improvement in our performance. All this will ultimately be to the benefit of our clients.’ Lern more: Extract from the press release of 30 March 2015www.warburg-fonds.com |
