Rail&OV selects ALTO Investment platform and Middle-office services from Amundi Technology to reshape and strengthen its operating model
12 december 2023
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.
Benjamin Lucas, CEO of Amundi Technology, “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.”
Bart Oldenkamp, CIO Rail&OV, “We are very happy to team up with Amundi Technology, as they offer an excellent platform to take our investment management to the next level. Their integrated platform helps us to improve our operating model and to address our future needs in data management, portfolio management, performance & reporting in the light of the upcoming Dutch pension reform.”
Rail & Openbaar Vervoer
Rail & Openbaar Vervoer is een BPFn met eind Q2 2023 een belegd vermogen van € 23.044 miljoen waarvan 0% herverzekerd en 0% voor risico deelnemer.
Het fonds heeft een deelnemersbestand met in 2022 41.604 actieve bijdragers en 40.767 pensioengerechtigden. De beleggingen voor risico pensioenfonds hadden in Q2 2023 een rendement van 1%.
Eind Q2 2023 had het fonds een beleidsdekkingsgraad van 132.2% terwijl de vereiste dekkingsgraad op dat moment 122.5% bedroeg. De fiduciair manager van het fonds is non external en de pensioenadministratie wordt uitgevoerd door non external.
