SINGAPORE (October 09, 2023) – Financial services company Singlife has appointed Ortec Finance as its consultant for strategic asset allocation, marking a significant milestone in the former’s investment capabilities and optimising its long-term investment strategies. Ortec Finance is globally renowned for its impressive investment decision technology and solutions, backed by several decades of experience in providing innovative solutions to financial institutions across the globe. Ortec Finance’s Singapore office is due to open its doors next year, to closely support its growing client base in Asia.
Through this collaboration, Singlife hopes to refine its asset allocation strategies, taking into account company-specific risk tolerance, time horizon and investment objectives. This is expected to optimise Singlife’s capital and risk management. The implementation of Ortec Finance’s GLASS solution will aid Singlife to modernise its investment decision-making process for better Asset Liability Management (ALM) and Strategic Risk Management, facilitating faster, more efficient and more informed investment decisions. Via its scenario-based portfolio optimisation methods that models the dynamic relationship between various assets, GLASS is expected to provide the company with greater insights into the factors driving risk and return dynamics within each portfolio. Furthermore, Singlife will in turn be able to analyse alternative efficient portfolios across a range of metrics providing a solid ground upon which to make investment decisions under the prevalent uncertain economic conditions.
The two finance companies will work together to develop and implement insightful investment solutions that meet the needs of their customers. The exchange of knowledge and experience that they each possess, along with those of other financial institutions will help lead 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 their deep understanding of the insurance industry makes them 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.”
Meanwhile, Stefano Seung Jin Lee, managing director APAC, 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.”
Marking a major milestone in Singlife’s journey, this partnership is anticipated to be a big leap in the company’s journey. With Ortec Finance’s expertise and support, Singlife is well-positioned to map and model uncertainties to enhance its investment capabilities.