Rail & OV, the Dutch rail and public transport pension fund, and Amundi, the leading European asset manager, announce the conclusion of a service agreement in which its ALTO Investment platform will become the target Portfolio Management System and provider of Middle-Office Services for Rail & OV.
Under this agreement, Rail & OV will leverage the ALTO Investment platform to manage direct assets and consolidate delegated assets representing approximately €23 billion in AUM. Rail & OV will also benefit from Amundi Technology’s central harmonized processes and ongoing technology enhancements. In a fully integrated model, Rail & OV will be serviced by Amundi for Middle-Office functionalities and will benefit from the services of key third party partners, such as BNY Mellon, the asset servicing company, with whom Amundi Technology has a strategic partnership.
ALTO Investment is a modular SaaS Cloud platform designed for asset managers and asset owners, which offers integrated data management services across the entire investment management value chain; investment decision support, pre- and post-trade compliance, performance and risk analytics, and middle-office services.
We’re delighted to welcome Rail & OV as a client of Amundi Technology. Rail & OV will benefit from the combination of cutting-edge technology for their day-to-day activities and our high-performing Middle Office services. This agreement marks a key milestone in our positioning in the pension fund market in the Netherlands, but also for our ongoing European expansion.
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