Talanx Is Now Running Its Asset Management Business on Murex’s MX.3
Paris, France, 2 April 2019
- One of the largest asset managers in Germany implements MX.3 front-to-risk across asset classes -
The Cologne-based business of Talanx AG, Ampega Asset Management, is using Murex’s flexible and open MX.3 platform for portfolio, order and risk management. With more than 130 billion euros under management, the company has implemented MX.3 for a wide range of asset classes including fixed income, equity, funds, FX and derivatives for all business lines.
In a competitive and evolving market, Ampega wanted a single technology platform that closed the gap between front office and risk, enabling business growth and the quick introduction of more complex investment products. Moreover, it required a flexible solution that would increase the transparency of risk calculations, including VaR, and ensure it could meet regulatory obligations, both now and in the future.
The MX.3 platform was selected to replace multiple legacy systems in order to gain visibility, transparency and consistency in risk calculations. All trading and risk activities are now running on a single system, allowing Ampega to streamline processes across portfolio and order management, increase efficiency and more closely manage risk with sophisticated stress and back testing capabilities.
Commenting on the successful implementation, Dr. Immo Querner, CFO of Talanx AG and chairman of Ampega Asset Management’s supervisory board, says: “We were looking for a platform to integrate trading and risk functions in order to meet the challenges of growing complexity and to allow for further process optimization in these areas. The challenging process of implementing a new IT system was driven by a true sense of partnership between Ampega and Murex, and we are happy to see that this spirit continues in the first months of operating MX.3 in production. With Murex MX.3, we have set a cornerstone of a future-proof IT architecture.”
Jean-Gabriel Edde, Partner at Murex adds, “We’re proud to be a strategic technology partner of Ampega, helping them to meet the evolving challenges of their client base. Over the course of this project, we have developed a strong partnership and this delivery is an important milestone. Investment management is a key market for Murex and we look forward to future collaboration with Ampega and other buy-side firms.”