Urdorf, 1 February 2019 | With Bayerische Landesbank (BayernLB), Profidata AG has convinced another renowned provider of custodian services of the capabilities of XENTIS in efficiently handling the diverse tasks involved in the custodian business.

With the clear objective of further advancing the very positive business development in the custodian services segment while at the same time meeting the constantly increasing requirements of the market and the supervisory authorities in the best possible way, BayernLB has decided to optimise its entire custodian process using the XENTIS investment management software. BayernLB is cooperating with BayernInvest Kapitalverwaltungsgesellschaft mbH, a wholly owned subsidiary of BayernLB, on the technical implementation. The latter has been successfully using XENTIS for many years, which comprehensively maps the tasks of capital management companies and custodians and further digitises and automates processes such as fund accounting and investment limit checks.

Stefan Hoerpel, Head of Custody Services for Group-owned KVGen at BayernLB, explains:
"As a Model 2 depositary, we consider it essential to have our own independent solution for fund accounting and investment limit monitoring. In our opinion, XENTIS is the market-leading solution and the best one for us. Another important factor in our choice of software was that XENTIS is very well established in the German custodian market. The new solution will increase our performance in the long term, further enhancing security and efficiency for BayernLB's customers."

Johann Maurer, Head of Custody Services for non-group KVGs at BayernLB, comments:
"I have already been impressed by the performance and user-friendliness of XENTIS in the past. As one of the first users in the German KVG and custodian bank environment, I can look back on many years of positive experience with XENTIS. I am delighted that BayernLB is now switching to XENTIS, an innovative, adaptable and established fund accounting system, and is thus ideally positioned to meet the challenges of the custodian market in the future."

Roger Wildi, CEO of Profidata AG, emphasises the importance of the custodian market for Profidata:
"The management of funds at custodians and asset management companies is one of XENTIS' core competencies. We will therefore continue to invest in this area in order to be able to support our customers effectively in their tasks in the future. We are delighted that BayernLB will also be managing and optimising its custodian business with XENTIS in future."

BayernLB is one of the leading commercial banks for large and medium-sized customers in Germany. As a member of the Sparkassen-Finanzgruppe, BayernLB is a close partner to the savings banks, providing them with a wide range of products. BayernLB primarily serves private customers through its subsidiary Deutsche Kreditbank AG (DKB).
BayernLB has been offering a custodian service for more than 25 years and is one of the most efficient and successful custodians in Germany. Over the decades, BayernLB has developed its custodian function into a core competence and supports its customers with a wide range of services and products.

Facts and figures for the custodian service

– The custodian currently manages approximately EUR 35 billion in assets under custody.
– Here, it works with more than 35 asset managers, most of whom are globally active, and several asset management companies.
– More than 50 of the funds managed by the custodian are master KVG structures.
www.bayernlb.de

Profidata Group

Founded in Switzerland in 1985, the Profidata Group offers software solutions for investment and wealth management as well as services for financial service providers. Its headquarters are located in Urdorf near Zurich. The company has branches and representative offices in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.

Questions regarding this press release will be answered by

Mr Gunther Glabbatz
Management Frankfurt
Profidata Services AG
Stephanstrasse 3
60313 Frankfurt
Germany
Phone +49 69 297 28 95 0
gunther.glabbatz@profidatagroup.com
www.profidatagroup.com