AmpegaGerling Selects SunGard’s APT for BaFin MaRisk Compliance (auf Deutsch)
Cologne, Germany – 10 August, 2011
AmpegaGerling Investment GmbH (“Ampega”), the asset management division of the Talanx Group, has implemented SunGard’s APT to help comply with German financial regulations. APT is a leading risk management, portfolio construction and optimization solution for buy-side institutions.
The German finance industry regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”), has introduced revised minimum requirements for risk management: ‘Mindestanforderungen an das Risikomanagement’ (“MaRisk”). Ampega will be using APT to help comply with these requirements, relying on APT’s outsourced batch market risk reporting across all its multi-asset class portfolios.
Ampega worked with SunGard’s APT to specifically meet BaFin requirements. APT will help the investment manager report and monitor Value at Risk (VaR) on a daily basis over a ten-day horizon. Those VaR figures are then back tested to determine if any outliers present a breach of rules, which would then be investigated and reported quarterly to BaFin.
The investment manager will also employ APT to measure the implied volatility surfaces on FX, equity indices, commodities and swaptions, and Euro-Bund futures. This will help Ampega gain a better informed insight into the pricing and hedging implications of the use of derivatives, under the Derivate-Verordnung element of BaFin MaRisk.
Dirk Erdmann, head of risk management at Ampega, said, "SunGard’s APT offers us three key advantages. First, it delivers a transparent, proven method to evaluate risk. Second, we now have a flexible set of analytics that is easy to integrate with our existing infrastructure and trading and order management system. Third, SunGard’s industry presence and record offers us organizational stability. As a long term partner they will continue to customize the system for us as well as develop further risk factor models addressing our changing needs.”
Rob Mackay, chief operating officer of SunGard’s APT business unit, said, "APT’s flexible batch risk reporting capability is a cost efficient and effective solution that helps asset managers meet internal and external risk reporting requirements. Ampega Gerling is one of a growing number of German investment managers utilizing APT’s risk management, BaFin compliance and risk reporting capabilities.”
AmpegaGerling Investment GmbH, Talanx Asset Management GmbH (formerly AmpegaGerling Asset Management GmbH) and Talanx Immobilien Management GmbH (formerly AmpegaGerling Immobilien GmbH) are responsible for asset management and funds provider activities aimed at institutional and private clients.
AmpegaGerling Investment GmbH functions as an investment company serving private clients and institutional investors. Its product range, encompassing public funds as well as special funds, has received multiple awards. The company also administers asset and financial portfolios for clients outside the Group. In this context, AmpegaGerling additionally profits from its long-standing experience in the role of asset manager for the insurance group. With its range of investment products the company complements the offerings of the Talanx Group in relation to customers' aspirations and expectations with respect to individual retirement provision: against the backdrop of the growing problems affecting the statutory pension insurance system, customers can now turn to the Talanx product portfolio not only for insurance solutions but also for a broad range of funds geared to state-of-the-art investment requirements and dynamic retirement provision. For more information, please visit www.talanx.com
About SunGard’s APT
SunGard's APT provides investment technology for a broad range of asset classes, countries and regions including data and software for understanding market risk, credit risk, liquidity risk and for portfolio construction and performance analysis. APT provides investors with statistical market risk models, performance and risk analytics and portfolio optimization and construction tools. APT's customers include institutional and retail asset managers, pension funds, private wealth managers, hedge funds, broker/dealers, prime brokers and proprietary traders. www.sungard.com/apt/learnmore
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo, and APT are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders