Eagle Asset Management selects SimCorp for investment accounting, performance and client reporting
4 January 2012
Firm will benefit from system consolidation, streamlined processes, and more client reporting options.
SimCorp, a leading provider of highly specialized software and expertise for the investment industry, today announced that Eagle Asset Management, has selected SimCorp Dimension, an enterprise solution for investment management.
Eagle Asset Management is a leading institutional and retail asset management firm, offering an array of equity and fixed income managed accounts and mutual funds designed to meet long-term goals. Headquartered in St. Petersburg, Florida, the firm was looking for a comprehensive single system that could replace the firm’s legacy investment accounting, performance and client reporting systems.
“As we undertake strategic initiatives to differentiate our products and service offerings, we depend on solid technology that can keep pace with our organizational goals and the market dynamics,” comments Steven Ballard, Vice President of IT at Eagle Asset Management. “In our evaluation, we looked for robust state-of-the art technology designed to help us react to changes in business and product direction. SimCorp met these criteria but further differentiated itself with a platform architecture designed with a good deal of flexibility.”
After careful review, Eagle Asset Management selected SimCorp Dimension due to the ability to consolidate data from disparate sources and investment workflows on a single platform. SimCorp Dimension will allow Eagle Asset Management to capture the most granular level of data in a single database which in turn delivers better data quality and accurate client reporting.
David Kubersky, Managing Director for SimCorp North America, stated, “We are extremely proud to add a firm the calibre of Eagle Asset Management to our growing list of clients. Eagle Asset Management’s selection of SimCorp is a reflection of the broader market’s need for platforms that support transparency throughout the trade life cycle, especially in the wake of new regulatory reforms.”