(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 20. The delegation fromSOFAZ took part in the SimCorp Sovereign Wealth Fund Forum, held asa part of the SimCorp Global Summit in London on April 17. Thisinaugural Forum provided a unique platform for experts fromsovereign wealth funds to discuss and exchange experiencesregarding technological advancements and innovative solutions indata management, Trend reports citing SOFAZ.
Vadim Pshenichniy, Director of the Risk Management Department atSOFAZ, presented on "Management of the National Wealth Fund: Caseof SOFAZ", offering comprehensive insights into the Fund'sinvestment portfolio, its contributions to the state budget, andits impact on the national economy. During his presentation, VadimPshenichniy emphasized the pivotal role of the "Simcorp" system incoordinating investment activities across SOFAZ's departments,highlighting its significance in portfolio management, performancemetric measurement, report generation, and overall automation ofinvestment operation within the Fund.
It's noteworthy that the SimCorp Global Summit, an annual eventattracting over 1000 professionals from the investment sector, aimsto encourage organizations in this field to leverage the advantagesoffered by modern technology.
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