AP1 leverages SimCorp Dimension to achieve higher straight through processing (STP) and improve pension fund asset management capabilities.
AP1 manages part of the capital in Sweden’s national income pension system, with many different asset types worth SEK 421 billion distributed across a global portfolio. Driven by their mandate to stabilize Swedish pensions and create the best possible return on these assets, AP1 is continuously looking for ways to improve their asset management capabilities.
In this short video, Kristin Sewallius, System Manager for AP1, shares how their strategic partnership with SimCorp helps them simplify their asset management processes, achieve higher STP rates, and increase financial stability for pensioners in the long term.
Kristin Sewallius, System Manager for AP1, shares how their strategic partnership with SimCorp helps simplify asset management processes.
We used to speak of modules instead of solutions. And we realized a few years back when we implemented our new strategy that we wanted to have another kind of relationship with SimCorp. So instead of treating SimCorp as a software deliverer, we wanted to go towards using them as a strategic partner.
System Manager, AP1
AuM: SEK 421 billion
Headquarters: Stockholm, Sweden
Första AP-fonden (AP1) is one of five pension funds in the Swedish national income pension system (the AP Funds). AP1 has assets under management of SEK 421 billion (31 December 2022) in a portfolio consisting of listed and unlisted equities, fixed income securities, currency, real estate, hedge funds, private equity funds and infrastructure. Investments are made worldwide. AP1 is a long-term investor and an active, engaged owner. As an owner the Fund imposes stringent demands in the areas of Environment, Social and Governance.