Stockholm and Stavanger, August 14 2009
SpareBank 1 SR-Fondsforvaltning selects A-Sec Outsourcing's service solution and the SECURA and FONDA platforms for its asset management operations
A-Sec Outsourcing is pleased to announce that SpareBank 1 SR-Fondsforvaltning, a subsidiary of SpareBank 1 SR-Bank, a leading Norwegian savings bank, has selected A-Sec Outsourcing as service provider of its asset management operations. The solution includes back- and mid office services as well as operations of financial systems. The IT solution is based on the FONDA and the SECURA platforms, with pre- and after trade regulatory, enhanced multi currency-, derivatives, compliance- and accounting functionalities.
About SpareBank 1 SR-Fondsforvaltning
SpareBank 1 SR-Fondsforvaltning is the asset management arm of SpareBank 1 SR-Bank, a leading savings bank in Norway with roots that date back to 1839. The bank provides products and services within financing, investments, money transfer, pensions and insurance. As of 30 June 2009, SpareBank 1 SR-Bank had 1,109 employees in 53 branch offices and managed total assets of NOK 125 billion. The registered head office is in Stavanger, Norway.
About A-Sec Outsourcing
A-Sec Outsourcing, founded 2004, is a leading Nordic provider of IT and service solutions specialized for Asset & Fund Management and Private Banking. As a service provider utilizing the SECURA and FONDA platforms, A-Sec Outsourcing offers efficient and flexible solutions to the world of finance. A-Sec Outsourcing operate today over 30 funds and thousands of portfolios on behalf of our clients.
About Invest Systems
Invest Systems is a leading supplier of global investment solutions and an independent software vendor (ISV). Since 1987 we have provided hundreds of systems for Asset Management and Private Banking to investment banks, stockbrokers, financial institutions and industrial investors in the Nordic region.