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Asset management

The impact of new, post-crisis regulatority requirements has been felt particularly by the asset management industry. Asset managers are not only affected by sets of rules with a direct impact such as AIFMD, UCITS (amended) and EMIR; they are also affected indirectly, through their customers, by new banking and insurance industry regulation.

 

Efficient processes, intelligent methods and the corresponding support systems have a key role to play, primarily through the further break-up of the value chain and the related trend towards greater specialisation, as well as sustained pressure on costs. 

 

Faced with these challenges, you can rely on d-fine's long-standing experience of the regulatory issues affecting the financial industry, our detailed knowledge of the investment process and our experience of system implementation.

Follow the links below to learn more about our solutions.

 

Any questions? Please feel free to discuss them with us on +49 69 90737-0 (ask for 'Asset Management') or email us at asset-manager@remove-this.d-fine.de

 

References asset manager

Solvency II - Reporting
Project objectives
  • Leading German investment company: design of reporting services for Solvency II including SCR calculation
  • Preliminary study for setting up reporting services for insurance clients in accordance with Solvency II
  • Specialist planning of requirements for investment companies in the reporting of key figures in accordance with Solvency II for their funds and direct investments; special analysis for property funds
  • Design a calculation of SCRs for the market and default risk under consideration of hedging, collaterals and guarantees
  • Solvency II dependence analysis – Investment process
  • Create an implementation recommendation including cost-benefit analysis
Tasks assigned to d-fine
  • Creation of a technical concept
  • Analysis of data availability and systems
  • Draft IT concept for potential implementation
  • Integration analysis in the existing system landscape
  • Workshop on asset management products optimised as per Solvency II
  • Cost estimation, support with benefit analysis and creation of implementation proposal
AIFMD reporting to authorities
Project objectives
  • Large German asset manager: functional and IT design for efficient AIFMD reporting to authorities
  • Analysis of requirements for AIFMD reporting to authorities
  • Functional design of the requirements for health insurance companies in terms of calculating exposure, leverage and risk performance indicators
  • Development of a model for determining liquidity profile
  • Data source analysis and design of expansion of source systems
  • Design of reporting processes
  • IT design interfaces, reporting system and data export
  • Creation of Excel tool for manual reporting
Tasks assigned to d-fine
  • Creation of functional and IT design
  • Analysis of data availability and systems
  • Design of requirements of the risk performance indicators
  • Analysis of the integration into the existing system landscape
  • Estimation of costs, support for the benefit analysis and creation of a proposal for implementation
  • Implementation support and test design
Optimisation of business processes
Project objectives
  • Record (interview technique) and document all business processes (a total of approx. 400 procedures) from portfolio management to fund accounting
  • Analyse performance, data and communications methods in the company and document these in the form of a performance catalogue and process map
  • Carry out a process risk analysis and establish an internal control system (ICS) for operational risks
  • Optimise processes in accordance with the requirements of MaRisk
Tasks assigned to d-fine
  • Project management and control
  • Development of a procedural model
  • Design of project methodology and interview techniques
  • Analysis of processes related to performance relationships, information and data flows and their presentation in the system landscape
  • Optimisation of processes and agreement with the relevant departments
  • Support for departments and IT service providers in adapting the processes
Strategic asset allocation / portfolios
Project objectives
  • Leading international investment company: asset allocation based on alternative risks
  • Plan and implement a new approach to strategic asset allocation for private client portfolios, taking into account customer-specific risk profiles
  • Use of a robust portfolio optimisation procedure with alternative risks for improved recording and control of existing downside risks
  • Develop an asset allocation tool including a graphical user interface for presenting the portfolio weights, key performance figures and asset class characteristics
Tasks assigned to d-fine
  • Development of a capital market model for modelling of tail risks in asset allocation (regime-switching models, copulas) and an efficient Monte Carlo simulation engine
  • Specification of optimisation based on downside risks for the reduction of drawdown risks within the framework of a life cycle approach and implementation using genetic algorithms
  • Integration of model components in an asset allocation tool, design of a user interface, knowledge transfer and staff training on using the tool