Ontario Municipal Employees Retirement System (OMERS) successfully implements ALM modeling capabilities with Ortec Finance
Rotterdam--Ortec Finance, a global provider of technology and advisory services for risk and return management, announced today that OMERS, Canada’s largest pension plan, has successfully completed the implementation of its Asset/Liability Management (ALM) solution for pension plans. The ALM modeling software solution provides OMERS with in-house ALM capabilities. This will enhance OMERS ability to review and assess its strategic asset mix in terms of its pension liability structure and funded status by analyzing the impact of possible future changes in economic environments, financial markets and demographic liability factors.
”One of the key factors in selecting Ortec Finance was their experience in supporting organizations like ours and their advanced asset/liability management modeling approach,” said Graham Pugh, Vice President, Investment Risk Management of OMERS.
“This successful implementation together with OMERS once again reaffirms that Ortec Finance’s ALM modeling solution and expertise is well suited to cater to the increasing demands of Canadian pension plans to manage their balance sheet risk in an advanced way. We are delighted and proud to have such a reputable and global institution as OMERS among our valued and long-standing clients worldwide,” said Fred Heemskerk, Head of Global Markets at Ortec Finance.
Ortec Finance is a global provider of technology and advisory services for risk and return management. The company’s focus is firmly on providing support for investment decision-making for institutional and private investors. Its long-standing and global client base comprises leaders in the pensions, asset management and private wealth management markets. Ortec Finance designs, builds, and applies solutions for asset-liability management, ex-ante and ex-post risk management, performance measurement and risk attribution, and financial planning.
OMERS is Canada’s largest pension fund with $65.1 billion in net assets. OMERS provides first-class pension administration and innovative products and services to 440,000 members working in Ontario’s municipal sector. OMERS members and their employers contribute to the Plan in equal amounts through their contributions. Nearly one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed income, infrastructure, private equity and real estate.