Stockholm – 18 March 2014 - TradeTech Consulting Scandinavia AB, a Virtusa subsidiary, has been selected as partner of choice by Swedbank Robur, one of Scandinavia’s largest mutual fund managers, to handle their business support function for SimCorp Dimension.

Trade Tech Consulting will host the entire business support function for all of Swedbank Robur’s SimCorp Dimension users.

“We have chosen outsourcing to enhance operational efficiency. Our core business is asset management. SimCorp Dimension is a software application that automates our business processes very efficiently, but managing the user support internally requires resources. By outsourcing the support function of SimCorp Dimension we make free valuable resources for continuous development of the platform, enabling us to focus on what we do best, Asset Management”, said Fredrik Ulfhielm, head of development at Swedbank Robur.

“Our ultimate goal is to maximize returns for our private and institutional customers, today and in the future. All actions we take to enhance internal operational efficiency contribute towards achieving this goal”, he added.

TradeTech Consulting has been selected by some of Europe’s largest corporations as outsourcing partner to manage business support of their financial systems in whole or in part.

“Outsourcing of financial systems business support is gaining popularity across Europe”, said Joakim Wiener, CEO, TradeTech Consulting. “Services in demand include: core banking systems support services, banking software maintenance services, server support services, as well as backup and network services. By outsourcing the management of financial systems, organizations are able to streamline business operations, reduce operational risk, and drive better internal focus on their core competencies.”

About Swedbank RoburSwedbank Robur offers savings products for private individuals and institutional clients. The products range from investment funds to discretionary investment management. Approximate 115 investment funds are open for investments covering all major regions, sectors and asset classes. Altogether, Swedbank Robur serves approximately 3.1 million customers in Sweden and 1.1 million in the Baltic region, for whom it manages approximately € 70 billion in assets. You can find out more at www.swedbankrobur.se

About TradeTech Consulting - A Virtusa CompanyTradeTech Consulting delivers outsourcing and consulting to the financial services sector. Established in 1998, we tailor specific offerings for corporate treasury, banks, financial institutions, government and central banks. We are vendor and hardware independent. Visit us at www.tradetechconsulting.com and www.Virtusa.com

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