SWEDEN - AP3, Sweden's third national pension fund, is searching for a provider of front-to-back investment management systems.
AP3 said that it will evaluate solutions from vendors who only supply a front/mid office or back office system that is complemented by a subcontracted vendor. The fund added that such a combined solution must have a proven and documented record and that the provider must be responsible for the complete solution including implementation, support and development during the duration of the contract.
At the moment, AP3 is using Advent Office from Advent Software as its front-to-back investment management system. As well as the other systems this will be evaluated by the fund.
Applicants must have a proven track record which includes functionality for equities, fixed income, foreign exchange, as well as related derivatives to at least three different external buyers.
The system must be able to handle at least 35 simultaneous users. The deadline for expressions of interest is June 2. Tenders will be dispatched by June 10.
This latest tender is driven by the e13bn fund’s diversification strategy, with more specialist mandates expected this year.
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