IFM Independent Fund Management AG, Vaduz, selects Profidata’s XENTIS to be their next generation Fund Administration platform

27 January 2011

IFM Independent Fund Management AG in Vaduz, Liechtenstein, selects XENTIS, the fully integrated next generation investment management platform of Profidata, to support its fund management middle and back-office disciplines.

Luis Ott, Managing Director at IFM comments on the decision to select XENTIS: "As a bank-independent fund management company, we offer our clients the greatest possible flexibility in structuring their fund products. Hence, flexibility must be a key feature of the software platform on which we run our fund administration. Also, having the means to automate client-individual processes and relieve
our staff of repetitive tasks is just as important."

Christian Widmer, CEO and Chairman of Profidata, appreciates the new client in the Principality of Liechtenstein: "IFM’s business model is comparable to that of a Master KAG. It places the highest demands on a fund administration. XENTIS has stood the test in similar environments in various countries. From those projects, Profidata have gained sound and comprehensive experience which we will now apply to the implementation at IFM."

IFM Independent Fund Management AG, Vaduz

IFM Independent Fund Management AG was founded on 29th October 1996 as the first bankindependent fund management company under Liechtenstein legislation. IFM Independent Fund Management AG offers financial institutions, asset managers, custodians, family offices and insurances – among others – a neutral platform for structuring, launching and managing investment funds domiciled in Liechtenstein. Within the legal framework, fund promoters are granted the highest possible flexibility in structuring their products with regards to branding, distribution, choice of custodian, investment strategy, fee calculation etc., all in accordance with their and their clients' specific needs.

IFM Independent Fund Management AG is a founding member of the Liechtenstein Investment Fund Association.

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