Ortec Finance Named Singlife’s Asset Allocation Consultant

162

Singlife, a prominent financial services company based in Singapore, has designated Ortec Finance, a globally renowned provider of investment decision technology and solutions, as its strategic asset allocation consultant. This collaboration signifies a significant advancement for Singlife in bolstering its investment capabilities and optimizing its long-term investment strategies.

Ortec Finance, distinguished as a leading provider of investment decision technology and solutions, boasts decades of experience in delivering innovative solutions to financial institutions worldwide. Acknowledged as one of the world’s most innovative fintech companies in 2023, Ortec Finance is preparing to establish a Singapore office in 2024 to cater to its expanding client base in Asia.

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

– Fine-tuning asset allocation strategies: Singlife will collaborate with Ortec Finance to design and implement a more sophisticated asset allocation strategy tailored to the company’s specific risk tolerance, time horizon, and investment objectives. This initiative will assist Singlife in optimizing its risk and capital management while meeting its long-term return objectives.

– Implementation of cutting-edge technology: Singlife plans to leverage 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 enable Singlife to make quicker, more efficient, and well-informed investment decisions. By utilizing a scenario-based portfolio optimization approach that models the dynamic relationships between assets, GLASS will provide Singlife with deeper insights into the factors influencing risk and return dynamics within its portfolios. Singlife will be equipped to analyze alternative efficient portfolios across various forward-looking metrics, including the impact on risk-based capital, providing a robust framework for investment decision-making amidst uncertainties.

– Fostering innovation and industry leadership: Singlife and Ortec Finance will collaborate to develop and implement innovative investment solutions catering to customer needs. The exchange of knowledge and expertise with other financial institutions will contribute to driving innovation across the industry.

Kim Rosenkilde, Singlife’s Group Chief Investment Officer, expressed enthusiasm about the partnership, emphasizing Ortec Finance’s global reputation for delivering advanced investment solutions and its profound understanding of the insurance industry, making it an ideal partner to support Singlife’s long-term investment goals. The collaboration aims to continually drive innovation in the industry and deliver exceptional outcomes for all stakeholders.

Stefano Seung Jin Lee, Managing Director for Asia Pacific at Ortec Finance, also expressed delight in being appointed as Singlife’s strategic asset allocation consultant. Singlife’s focus on innovation and standing as a leading financial institution in Singapore aligns well with Ortec Finance’s expertise and the GLASS solution, fostering confidence in their ability to assist Singlife in enhancing their investment capabilities and delivering outstanding outcomes for their customers.

This partnership represents a significant milestone for Singlife, underscoring a substantial stride forward in its journey as a distinguished homegrown financial services company. With Ortec Finance’s expertise and support, Singlife is well-positioned to model and navigate uncertainties, enhancing its investment capabilities.