Internationale Kapitalanlagegesellschaft mbH (INKA), part of the HSBC Trinkaus & Burkhardt KGaA banking services group, has licensed asset management software SimCorp Dimension to support its fund administration business. INKA is among the top ten German asset managers in terms of assets under management.
Dusseldorf-based INKA will use SimCorp Dimension to run its core product offering of administrative services for the back and middle office. This encompasses multiple simultaneous accounting processes, to comply with HGB, IFRS and US-GAAP, as well as improved risk management, flexible tax analyses and extensive reporting.
“After an intensive selection process we have decided in favour of SimCorp Dimension,” said Bernd Franke, managing director of INKA. “With SimCorp’s software we will further optimise our range of services within fund administration.”
“INKA is one of the leading master KAGs in Germany and we are delighted that they have chosen to work with us and our software,” said Dr. Jochen Müller, managing director of SimCorp GmbH. “This is another good example of the flexibility inherent in SimCorp Dimension’s design, for even where our customer’s focus is on just part of the value chain, the business case for its use is compelling.”