The Local Government Pension Institution (LGPI) has signed an agreement with Ortec Finance to license its Asset Liability solution for pension plans.
The pension institution for local governments in Finland will be able to formulate ALM strategies based on Ortec Finance's scenario generation, asset and liability methodologies.
"Based on our extensive evaluation process, we selected Ortec Finance due to the strength of its offering as well as their proven experience in supporting organisations like ours throughout the strategy development process," commented Timo Viherkenttä, deputy CEO at LGPI. "While the technical evaluation of the tool is important to us, so is the partnership we expect to build with an organisation like Ortec Finance."
Managing director at Ortec Finance, Sinikka Demaré, added: "We are delighted that a professional organisation like LGPI has chosen us and look forward to a long-term strategic partnership with this team."
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