Copenhagen, 26 June 2002 - - The Finnish Pohjola Group Oyj, which recently acquired the investment bank and asset management company Conventum Oyj, has selected SimCorp's investment management solution TMS2000 for its asset management operations. Replacing an existing portfolio management system the new TMS2000 installation will enable Pohjola Asset Management to handle the entire investment management process within an integrated production framework. TMS2000 will link together front, middle and back office operations in a so-called 'Straight-through Processing' (STP) environment for a wide selection of securities and financial instruments.
The versatile STP features of TMS2000 will pave the way for significant efficiency gains in managing Pohjola Asset Management's rapidly expanding customer base and the growing business volume. In addition, TMS2000 will provide a framework for Pohjola Asset Management's dedication to constantly offer new services to its customers, such as advanced performance reporting.
Pohjola Asset Management's TMS2000 installation will be implemented during 2002 for 20 users. Pohjola Asset Management has also acquired an option to extend the installation with additional functionality for further automation of back office routines.
The Pohjola Group offers a number of financial and insurance products and services. Pohjola Asset Management is a fast-growing full-service investment management operation, offering a number of mutual funds in addition to its discretionary asset management and private banking services.
Michael Andersen, Managing Director of SimCorp Sverige AB comments: "We are very much looking forward to working with one of the brightest rising stars of the Finnish investment management industry. The new TMS2000 order is a concrete result of our recent effort to strengthen the position of the system in the Finnish market. Although we have a strong Finnish customer base there is still a large potential for SimCorp's investment management solutions in Finland and Pohjola Asset Management will undoubtedly be a significant reference for our future market activities."
Last week SimCorp announced a TMS2000 order from one of Switzerland's leading investment managers.