Windsor, UK (26, April 2004) -- Princeton Financial Systems’ newest European client, SBA Artsenpensioenfondsen, a Utrecht, Netherlands-based pension fund for Dutch doctors, has licensed the ePAMSM portfolio management and accounting system. PAM was selected due to its attractive ASP model, comprehensive functionality, and real-time availability of information (e.g., Positions). In addition, positive feedback from existing clients contributed significantly to the selection of PAM.
SBA is one of the largest pension funds in the Netherlands, investing in equities and fixed income securities, with approximately €10 billion under management. It joins ABP and Blue Sky Group to extend Princeton Financial Systems’ presence in the Dutch pensions market.
Besides licensing the PAM system, SBA has also licensed:
- PAM Compliance, Princeton Financial Systems’ fully integrated post-trade, pre-settlement compliance engine, and
- PAM Attribution, comprehensive set of performance and attribution reporting services designed for the calculation, analysis and reporting of performance and attribution of global or domestic investment portfolios, and
- Bloombergâ Trading Interface, a seamless link between the Bloomberg Portfolio Order Management System and PAM.
SBA was seeking to improve the quality and availability of information for its front and back offices, as well as obtain straight-through-processing to improve efficiencies throughout the investment process. Previously, it had used a combination of in-house tools and a third party service provider.
"Our goal is to continually increase our level of professionalism to the general practitioners and medical specialists that we serve in the Dutch pension fund market. In order to do that, we need to take our investment administration and management information in-house," said Dick Hoek, Chief Executive Officer for SBA Artsenpensioenfondsen. "After a thorough review of available systems on the market, we feel that Princeton Financial's ePAM ASP model will allow us to achieve our requirements regarding functionality and technology. We expect to be operational on ePAM within the next six months and to immediately reap the benefits of this investment."
"We are looking forward to our new relationship with SBA," said Scott Ferrante, Princeton Financial Systems’ Chief Operating Officer. "We believe that SBA’s selection of PAM is a testament to its ability to meet the needs of the Dutch pensions market. Additionally, we are pleased to see the growing acceptance of the ASP model on the Continent."
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