Press releases

NORD/LB Asset Management AG introduces XENTIS from Profidata in a very short time

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Urdorf, 30 March 2015 | NORD/LB Asset Management AG has implemented XENTIS within ten months. Fund assets amounting to EUR 19.7 billion and asset management mandates worth EUR 12.9 billion, which are invested in a wide range of asset classes and via complex fund and portfolio structures, were transferred to XENTIS. By mapping the entire value chain in the integrated investment management system XENTIS, the previously used system landscape could be shut down. From now on, processes such as portfolio management, order routing, pre- and post-trade investment compliance control, matching, settlement, parallel accounting in accordance with HGB and IFRS, and statutory reporting will be handled entirely in XENTIS.

Marc Knackstedt, Member of the Management Board of NORD/LB Asset Management AG, sums up: "The decision to replace the existing system following a change in the ownership structure of our previous service provider was not an easy one. After evaluating alternative providers and systems, we were convinced that XENTIS was the right system for implementing our strategy. The project was completed on schedule and within budget, and the system is running smoothly in production, confirming our impression that we have found a strong business partner in Profidata. With XENTIS, we are not only using established software, but also benefiting from the exchange of experience within a dedicated user community. The minimisation of interfaces and the resulting increase in efficiency will further improve our performance in the long term. Ultimately, this benefits our customers.

Christian Widmer, CEO and Chairman of the Board of Directors of Profidata Group, states: "Changing a core system requires a certain willingness to take risks and convincing arguments in favour of the new solution. The success impressively reflects the strategic decision made by NORD/LB Asset Management AG. We are delighted that NORD/LB Asset Management AG values its reliable partnership with Profidata and our product. XENTIS is characterised by its equally high range and depth of functionality and its modern, future-proof architecture. Once again, we have proven that with our qualified experts, fast and efficient implementation projects are the norm."

NORD/LB Asset Management AG, Hanover

NORD/LB Asset Management AG was founded in 1999 and employs 90 people at its headquarters in Hanover. Its services range from passive to individually tailored equity and bond fund management. In addition to mutual funds and special AIFs, it also offers comprehensive master KGA solutions. Studies and market surveys attest to NORD/LB Asset Management AG's particular efficiency in flexibly implementing individual customer requirements. The company is also one of the pioneers in the field of sustainable investments. NORD/LB Asset Management AG currently manages a volume of €12.9 billion and, as a KVG, has assets under management of around €19.7 billion. Further information can be found at www.nordlb-am.de.

Profidata Group

Founded in Switzerland in 1985, the independent Profidata Group develops investment and wealth management software for financial service providers and offers comprehensive services for its XENTIS and e-AMIS software products. The company is headquartered in Zurich and has offices and representatives in Vaduz, Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.

Further information can be found at www.profidatagroup.com.

Questions regarding this
Press release answered

Peter Klein, Management
Profidata Group
In der Luberzen 40
8902 Urdorf
Switzerland
Phone +41 44 736 47 47
peter.klein@profidatagroup.com

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