Singlife appoints Ortec Finance as strategic asset allocation consultant | The Asian Banker
Sunday, 3 March 2024

Singlife appoints Ortec Finance as strategic asset allocation consultant

5 min read

Singlife, a leading homegrown financial services company, has appointed Ortec Finance, a globally recognised provider of investment decision technology and solutions, as its strategic asset allocation consultant. This collaboration marks a significant step for Singlife in enhancing its investment capabilities and optimising its long-term investment strategies.

Ortec Finance is a leading provider of investment decision technology and solutions, with decades of experience in delivering innovative solutions to financial institutions worldwide. Recognised as one of the world's most innovative fintech companies in 2023, Ortec Finance is slated to open a Singapore office in 2024 to support its growing client base in Asia.

Through this partnership, Singlife aims to achieve the following objectives:

• Refining asset allocation strategies: Singlife will work with Ortec Finance to develop and implement a more sophisticated asset allocation strategy that takes into account the company's specific risk tolerance, time horizon, and investment objectives. This will help Singlife to optimise its risk and capital management while meeting its long-term return objectives.

• Cutting-edge technology implementation: Singlife will use Ortec Finance's GLASS solution to automate and streamline its investment decision-making process for asset liability management (ALM) and strategic risk management. This will allow Singlife to make faster, more efficient, and more informed investment decisions. Through its scenario-based portfolio optimisation method that models the dynamic relationships between assets, GLASS will provide Singlife with greater insights into the factors driving risk and return dynamics within its portfolios. Singlife will be able to analyse alternative efficient portfolios across a range of forward-looking metrics, including the impact on risk-based capital, providing a solid framework for investment decision-making under uncertainty.

• Innovation and industry leadership: Singlife and Ortec Finance will work together to develop and implement innovative investment solutions that meet the needs of customers. There will be exchanges of knowledge and expertise with other financial institutions, helping to drive innovation throughout the industry.

Kim Rosenkilde, group chief investment officer, Singlife said: "We are excited to partner with Ortec Finance to enhance our investment capabilities and optimise our long-term investment strategies. Ortec Finance's global reputation for delivering advanced investment solutions and its deep understanding of the insurance industry make it the ideal partner to support Singlife's long-term investment goals. Together, we can continuously drive innovation in the industry and deliver exceptional outcomes for all our stakeholders.”

Stefano Seung Jin Lee, managing director for Asia Pacific, Ortec Finance, added: “We are delighted to be appointed as Singlife's strategic asset allocation consultant. Singlife is a leading financial institution in Singapore with a strong focus on innovation. We are excited to partner with Singlife to help them achieve their long-term investment goals. With our strategic asset allocation consulting and GLASS solution expertise, we are confident that we can help Singlife to enhance their investment capabilities and deliver exceptional outcomes for their customers.”

This partnership is a major milestone for Singlife and marks a significant step forward in its journey as a leading homegrown financial services company. With Ortec Finance's expertise and support, Singlife is well-positioned to model and map uncertainties to enhance its investment capabilities.

 

Re-disseminated by The Asian Banker

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