Ortec Finance, a global provider of technology and advisory services for risk and return management, announced today that OMERS, Canada’s largest pension plan, has successfully completed the implementation of its Asset/Liability Management (ALM) solution for pension plans. The ALM modeling software solution provides OMERS with in-house ALM capabilities. This will enhance OMERS ability to review and assess its strategic asset mix in terms of its pension liability structure and funded status by analyzing the impact of possible future changes in economic environments, financial markets and demographic liability factors.
”One of the key factors in selecting Ortec Finance was their experience in supporting organizations like ours and their advanced asset/liability management modeling approach,” said Graham Pugh, Vice President, Investment Risk Management of OMERS.
“This successful implementation together with OMERS once again reaffirms that Ortec Finance’s ALM modeling solution and expertise is well suited to cater to the increasing demands of Canadian pension plans to manage their balance sheet risk in an advanced way. We are delighted and proud to have such a reputable and global institution as OMERS among our valued and long-standing clients worldwide,” said Fred Heemskerk, Head of Global Markets at Ortec Finance.