The latest technology news in the wealth management sector from around the world.

Singlife, Ortec
Singlife, the Singapore-based financial services firm, has appointed Ortec Finance, a provider of investment decision technology and solutions, as its strategic asset allocation consultant. 

Ortec Finance, which is headquartered in Rotterdam, is slated to open a Singapore office in 2024 to support its client base in Asia. 

Singlife said it wants to refine asset allocation strategies and put new technology into use as a result of its work with Ortec.

For example, the firm said it will use Ortec’s GLASS solution to automate and streamline its investment decision-making for asset liability management and strategic risk management. 

Besides its Dutch HQ, Ortec Finance has offices in Amsterdam, London, Toronto, Zurich, New York, and Melbourne. Ortec Finance helps more than 600 clients manage their $15 trillion assets under management. As for Singlife, it was built from the merger of Aviva Singapore and Singlife in the largest insurance deal to be undertaken in Singapore.