Ortec Finance opens local office in Melbourne, expanding their footprint into the ANZ regions
Dutch-based global provider of technology consultancy services for the financial sector, Ortec Finance has opened their local office in Melbourne to manage their existing and future projects across the country and New Zealand, to improve its client experience and to further grow its presence across the region.
Operating for over 35 years, Ortec Finance has accumulated over 500 clients across 20+ countries and have created a team of more than 275 employees globally. This long-term market presence has allowed them to build a strong reputation for reliability when providing technology and solutions for risk and return management.
Ortec Finance designs, builds and implements high-quality software models for asset-liability management, risk management, portfolio construction, performance measurement and attribution, and financial planning which enables clients to make informed investment decisions.
With a large and sophisticated financial services sector, opening their Australian and New Zealand office in Melbourne proved to be the right decision not just for Ortec Finance, but their existing and prospective clients as well. Melbourne is home to the some of the largest Australian banks, insurance and superannuation funds as well as a cutting edge start up eco-system eager to grow their businesses.
We caught up with Ortec Finance’s Stefano Lee, Managing Director, Australia and New Zealand to ask about their Australian and New Zealand expansion here in Victoria.
1. What attracted your company to invest in Melbourne, Victoria?
Melbourne is for Ortec Finance the central hub within the region’s pension funds market. Our own assessment indicated our PEARL software, our company culture and way of working could be a great match to the needs and situation of the pension funds in the region.
2. What challenges did you face when you were exploring/entering/expanding into Victoria?
The COVID-19 outbreak has proven to be a challenging condition to operate in for the first year, but we have managed to find ways to successfully onboard three new clients this year in Australia and New Zealand.
3. How did working with Invest Victoria help with your investment journey?
Invest Victoria helped us to better understand the local market and helped us find our feet in Melbourne. They provided information on Melbourne’s financial services industry, options for in-person opening events, shared office spaces and introduced us to a local lawyer. We are very grateful for their assistance.
4. What advice do you have for other global businesses looking to invest in Victoria to improve their chance of success?
Prepare yourself to make sure you understand and can meet your prospective clients’ needs and challenges. Bring an existing network, or attract local employees that have such a network, and partner with local institutes like Invest Victoria!