With about 140 billion Euros under management and administration, Helaba Invest is a leader in institutional asset management in the German market. The company works with banks, insurance companies, foundations, and other institutions.
At the heart of Helaba Invest’s quantitative risk management and valuation approach is a library of mathematical models developed in MATLAB® and deployed company-wide using MATLAB Production Server™. Analysts and managers at the company rely on these models for product valuation, pricing, risk assessment, regulatory compliance, and other applications.
“One big advantage of MATLAB is that it lets us apply our department's knowledge and expertise to develop our own financial models and other components, rather than rely on black-box systems from other companies,” says Marcus Veltum, team lead for risk assessment at Helaba Invest. “We can then use MATLAB Production Server to deploy them, enabling IT colleagues who have deeper knowledge of Java, C++, and .NET to integrate them into enterprise applications.”