APG Investments US Picks Fidelity ActionsXchange for Corporate Actions Processing

The US subsidiary of Dutch asset manager APG Algemene Pensioen Groep NV, APG Investments US Inc, has signed up for US domestic fixed income corporate actions information from Fidelity ActionsXchange, via its ActionService product.

APG Investments US Inc is the wholly owned subsidiary of APG Algemene Pensioen Groep NV, which provides asset management services to Dutch-based Stichting Pensioenfonds ABP.

ActionService, which competes in the corporate actions processing market with the DTCC’s Global Corporate Actions Validation Service, takes in multiple corporate action data sources and detects and reconciles routine data discrepancies.

This client win, follows a successful year for the vendor in 2007, during which it increased its number of clients by 32 per cent.