STOREBRAND ASSET MANAGEMENT
“ It ' s been high up on our agenda for decades . It is an integral part of the whole group and the whole company . ESG is part of everything we do ”
ARNE MARTIN MOEN CHIEF OPERATING OFFICER , STOREBRAND ASSET MANAGEMENT
Nurturing a culture of digital development While SAM has completed much of the heavy lifting on the platform side of transformation , the company is now starting to focus more on the client space , the client interface , the internal client ' s interface , and the actual processes of client servicing . The entire journey has required a culture of open mindedness towards innovation , according to Moen .
“ It ' s very important to have that culture ; I don ’ t think it ’ s even possible to change if it ’ s not part of the organisation ’ s philosophy . Embracing change needs to be anchored with the top management , and SAM has that . It ’ s also important to have pioneers who are interested in new technology , and who want to explore and develop new things to help the company move forward . It ’ s a long process though , and we need to balance the risks and the rewards .” to a point where a lot of the functionality was on the platform and we could work on enhancing that .”
By 2020 , the team started working on the IT infrastructure , which is when they made the decision to move the entire infrastructure – including all the SAM servers – to the cloud . The shift was a complicated process , and it was not without its challenges , but the end result has been worth the journey .
“ We spent 2020 – and half of ‘ 21 – migrating all of our funds and all of our systems , which was a thousand billion Norwegian kroner , into the cloud . It ’ s been a great success , and great working together with our partner , Microsoft and our vendors ,” he says . “ We managed to migrate without any big issues . There were certain hiccups , but we managed to gradually take them on as they came .”
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