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VP Bank Group chooses DIAMOS-F as system platform for central fund management services

The fund business represents an important strategic business segment of VP Bank Group. After successfully introducing DIAMOS-F as standard software for IFOS’ fund administration last year, VP Bank Group decided to also use DIAMOS-F for its Luxembourg sister company VPB Finance S.A.. By year end, all funds are to migrate from the current system to the new integrated software platform.

In doing so, VP Bank Group acknowledges DIAMOS as its trusted system partner in fund administration. Eduard von Kymmel, Head of VP Fund Solutions, affirms VP Bank Group’s decision by saying that, “Last year’s introduction at IFOS proceeded smoothly and extremely fast with an implementation period of only six months. Based on this very positive experience and the expressed satisfaction of our clients, we are going to use DIAMOS-F as our central settlement platform for our VP Fund Solutions business units in Luxembourg and Liechtenstein.”

Software solutions and service provider DIAMOS is also looking forward to continuing its positive cooperation. According to Wilhelm Velten, CEO of DIAMOS AG: “With IFOS, we managed to gain an important client in Liechtenstein a year ago. Now we are looking forward to the opportunity of migrating the Luxembourg sister company of VP Bank Group to DIAMOS-F as the central, multi-lingual fund administration system of this internationally operating group.”

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