Dublin: 2nd February 2016 – Aegon Ireland has deployed its newly acquired software on a five year license to automate daily unit pricing, box management, trade order management and unit accounting for thousands of its individual portfolio bonds and hundreds of internal funds - all via a single Invest|Pro™ system from FRS. As a result, Aegon Ireland provides a more streamlined and simple user experience.
Speaking from Amsterdam, the Taoiseach Enda Kenny said “I am delighted to announce this significant agreement between Aegon and Financial Risk Solutions. I am also particularly pleased as innovation in the Financial Services sector is a key area focus for Government as part of our IFS2020 strategy and this is an excellent example of innovation in the financial services sector by two Irish companies.”
Marco Groot Wassink, CFO at Aegon Ireland says, “Aegon set up the Dublin-based centre of excellence to provide unit linked guarantee solutions across Europe in 2002. This development continues our track record of delivering innovation - helping support our customers’ decisions around transforming their financial futures.
Having one single dedicated system allows us to manage both our unit linked funds and portfolio bonds while streamlining our business processes and providing a better user experience. The Invest|Pro™ system delivers an integrated asset and fund management system.”
Frank Carr, CMO at FRS comments, “We welcome Aegon Ireland as extensive Invest|Pro™ and Invest|Retail™ users. Financial Risk Solutions and Aegon have built a great relationship during the implementation. The entire Aegon Ireland unit linked and portfolio bond business went live on FRS software in January 2016.”