VP Bank Group chooses DIAMOS-F as system platform for central fund management services
In the wake of Liechtenstein-based IFOS Internationale Fonds Service AG, the Luxembourg sister company VPB Finance S.A. is also implementing the fund administration software DIAMOS-F.
(firmenpresse) - The fund business represents an important strategic business segment of VP Bank Group. After successfully introducing DIAMOS-F as standard software for IFOS’ fund administration last year, VP Bank Group decided to also use DIAMOS-F for its Luxembourg sister company VPB Finance S.A.. By year end, all funds are to migrate from the current system to the new integrated software platform.
In doing so, VP Bank Group acknowledges DIAMOS as its trusted system partner in fund administration. Eduard von Kymmel, Head of VP Fund Solutions, affirms VP Bank Group’s decision by saying that, “Last year’s introduction at IFOS proceeded smoothly and extremely fast with an implementation period of only six months. Based on this very positive experience and the expressed satisfaction of our clients, we are going to use DIAMOS-F as our central settlement platform for our VP Fund Solutions business units in Luxembourg and Liechtenstein.”
Software solutions and service provider DIAMOS is also looking forward to continuing its positive cooperation. According to Wilhelm Velten, CEO of DIAMOS AG: “With IFOS, we managed to gain an important client in Liechtenstein a year ago. Now we are looking forward to the opportunity of migrating the Luxembourg sister company of VP Bank Group to DIAMOS-F as the central, multi-lingual fund administration system of this internationally operating group.”
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
VP Fund Solutions
VP Fund Solutions is VP Bank Group’s centre of excellence for funds, comprising the two AIFMD and UCITS compliant management companies in Liechtenstein and Luxembourg. In both domiciles, the fund management operation offers its clients and VP Bank Group all services spanning the value chain of investment funds - from planning, creation, sales support, custodian banking up to operational management and asset management.
Our clients typically include asset managers, regulated and unregulated investment advisors, family offices, insurance companies and pension funds.
VP Bank Group
VP Bank AG was founded in 1956 and with over 700 employees is one of Liechtenstein’s largest banks. Today, the bank is present in the following locations throughout the world: Vaduz, Zurich, Luxembourg, Tortola on the British Virgin Islands, Singapore, Hong Kong and Moscow. VP Bank Group offers tailor-made asset management and investment advice to private clients and intermediaries. Its clients benefit from independent advisory services, based on an actively pursued ‘open architecture’, in which best-in-class services and products of leading financial institutions, as well as in-house investment solutions are taken into account in the decision-making process. VP Bank is listed on SIX Swiss Exchange and the Group’s financial strength is rated “A-“ by Standard & Poor’s. The bank has a solid balance sheet and strong equity capital base. Its three anchor shareholders are long-term orientated and thus ensure continuity, independence and sustainability.
DIAMOS
DIAMOS has been one of the leading German providers of standard software solutions and services to the investment management industry since 1984. The DIAMOS product portfolio is based on a modern, future-proof system platform and offers flexible and expandable systems that, depending on requirements, can provide integrated solutions or single modules. DIAMOS solutions offer an efficient administration of funds, alternative investment products, retail investment accounts and shareholdings, and support extensive process automation along the entire investment management value chain. The service portfolio includes products for fund accounting, investment compliance, transaction and order management, reconciliation, fee administration, commission management, as well as transfer agency. Additionally, DIAMOS offers comprehensive advisory and support services. All products can be made available as ‘Software as a Service’ (SaaS) and ‘Application Service Providing’ (ASP) solutions via DIAMOS’ ISAE 3402 certified data processing centre. Leading fund platforms, investment / fund / management companies, custodians / depositories, banks and other financial companies – all value and rely on DIAMOS’ products and services. With its headquarters and a branch office in Germany, DIAMOS is further represented by subsidiary companies in Luxembourg and Switzerland.
DIAMOS AG
Christina Arens
Marketing & Communication
Am Limespark 2
D-65843 Sulzbach
Telefon: +49 61 96 65 06-199
Telefax: +49 61 96 65 06-100
presse(at)diamos.com
www.diamos.com
Datum: 13.04.2015 - 07:13 Uhr
Sprache: Deutsch
News-ID 1350636
Anzahl Zeichen: 0
contact information:
Contact person: Christina Arens
Town:
Sulzbach / Taunus
Phone: 06196 6506-0
Kategorie:
Software
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