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.
PvB specialises in the structuring and administration of regulated investment vehicles and the support of institutional asset management mandates, and uses XENTIS for automated processing of all investment and fund business. Besides order management, reconciliation of holdings with custodian banks, and calculation and reporting of net asset values, other important functions include modelling of complex fee models and pre- and post-trade checking of investment compliance with the Collective Investment Schemes Ordinance of the Swiss Financial Market Supervisory Authority (CISO-FINMA) and the Ordinance on Occupational Retirement, Survivors' and Disability Pension Plans (BVV 2). PvB also applies XENTIS to generate full reporting, including annual and semi-annual reports, SNB statistics, the stamp-duty journal and Key Investor Information Document.
'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.
Peter Klein, a member of Profidata Group’s Executive Board, adds: 'Xcloud is fully capable of handling all complex fund management processes at Pernet von Ballmoos. Based on a standardised, best-practice installation, XENTIS can be tailored to meet individual specifications.'