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Profidata Group and Consaltis AG establish Profidata Service Center

Profidata Group and Consaltis AG have founded the Profidata Service Center AG (Profidata Service Center) domiciled in Vaduz, Liechtenstein, as part of a joint venture. The Profidata Service Center makes it possible for asset managers both to use the e-AMIS asset management and information system without the need to operate their own IT infrastructure and benefit from additional services provided.

The new Profidata Service Center satisfies the most stringent security standards and is managed in accordance with Liechtenstein legislation in order to protect personal data, enabling Profidata Group to provide asset managers with its software in standardised form. Diverse functional modules such as asset allocation, target/actual comparison, cash flow projection, performance calculation, including contribution and attribution, as well as risk analysis and client reporting are all available over the internet. As part of the joint venture, Consaltis AG, which already provides these services separately to institutional clients and family offices, will take over operational activities such as data management, including interface supervision for market data providers and custodian banks, as well as offering users direct support in the handling of dayto-day business. Franziska Stöckli, the newly-appointed managing director of this company, was previously responsible for e-AMIS Customer Services within the Profidata Group.

Oliver Waldherr, Chairman of the Board of Directors of Consaltis AG explains: 'Financial service providers and independent asset managers in particular are increasingly faced with changes to the legal and economic conditions that necessitate more efficient use of software. Thanks to our collaboration, we are able to offer a high quality asset management tool at a reasonable cost.'

Christian Widmer, CEO and Chairman of the Board of Directors of Profidata Group added: 'The Profidata Service Center provides small and medium-sized wealth managers with access to e-AMIS, something which was previously restricted to larger financial service providers. e-AMIS guarantees a rapid response to changing market and customer requirements, which gives our clients a competitive advantage. The founding of this new company means Profidata Group and Consaltis AG are able to further consolidate their position in the service sector.'