Axxsys Consulting, part of the Alpha Group, is pleased to announce the successful implementation of BlackRock Aladdin®, one of the industry’s most comprehensive risk management platforms for VellivPension og Livsforsikringsselskab, a leading life insurance company in Denmark with over €30 billion assets under management. This implementation is the final phase of a major organisational change programme where Axxsys have supported Velliv in delivering one of the industry’s most comprehensive investment operations platforms comprising of SimCorp Dimension®, eFront® and BlackRock Aladdin.
Velliv went live earlier this year on their new Risk Management platform BlackRock Aladdin Risk®. Axxsys assisted Velliv’s front office team with project management, business integration and system implementation services across the whole investment process. This included portfolio construction, asset and risk factor allocation, over risk budgeting and limits, daily portfolio implementation, trading and compliance.
Velliv chose BlackRock Aladdin Risk because of the risk modelling capabilities that covers virtually all asset classes, liquid as well as illiquid assets. This enables Velliv to have a detailed and precise view on the risk, across all portfolios in real time. Risk factor models, scenario and stress test capabilities, in combination with support for portfolio construction and general portfolio analytics will be key ingredients as Velliv continues to develop and refine their investment process around risk management.
With SimCorp Dimension®, eFront® and BlackRock Aladdin now fully integrated into a single platform, Velliv have the end-to-end processes designed for ultimate efficiency and control, supporting the firms mission to provide their clients a world class service and a solid and stable investment return.
Anders Stensbøl, Chief Investment Officer said:
“We chose to partner with Axxsys because they are known in the market for being specialists in the core activities that we as asset owners live every day. We had previously worked with Axxsys on the greenfield implementation of SimCorp Dimension® and were impressed with their domain knowledge and their ability to deliver change in the organisation. We wanted to partner with a consultancy that could challenge our thinking and bring real change into the front office team. I am satisfied and very happy having chosen Axxsys.”
Charlotte Strunk Hansen, Head of Portfolio Construction and Investment Risk said:
“We chose BlackRock® for multiple reasons but highlighting just two of them I would say their multi-asset risk model and the access to a team of specialists with whom we can discuss and share knowledge. This was key for a large investor like us, who invests in all asset classes from fixed income, equities, FX to derivatives, real estate, private equity, and hedge funds. Working with Axxsys to leverage all the great functionalities of the Aladdin® Risk application was extremely successful and was delivered on time and within budget.”
Klaus Krarup, Client Delivery Director, Axxsys Consulting said:
“We were honoured to be selected by Velliv, to support them in this significant change for the front office part of the organisation. This successful implementation is a clear demonstration of our key market differentiator of being able to deliver a high-quality consultancy service, provided by our highly skilled industry professionals, who not only have strong domain knowledge but are also technology experts with specific expertise in the key investment management platforms used in the market.”
Axxsys provide specialised Management and Technology consultancy to the global investment management community, providing Advisory Services and Strategic Planning right through to implementing Major Change Programmes. Our core proposition is around our trusted, highly skilled and knowledgeable industry practitioners who ensure firms achieve outstanding outcomes from their business or technology integration projects. We are proud of our ‘trusted implementor’ reputation developed with our clients over many years of successful project execution. Axxsys are part of the Alpha Group.
About Velliv Pension and Livsforsikringsselskab
Velliv is a large Danish life insurance and pension company. Velliv conducts life insurance and pension business and other business that is compatible with this area and supply our customers with strong value through well designed pension schemes and life insurance products. Velliv is customer owned and focus on being an effective and competitive pension company to the benefit of its 350,000 clients. For more information about Velliv visit www.velliv.dk.
For more information contact:
Klaus Krarup firstname.lastname@example.org
Paul Watthey email@example.com