OKO Asset Management, part of the Finnish OKO Banking Group, has chosen to extend the use of investment management system, SimCorp Dimension, to handle its front to back operations, after acquisition of Pohjola Group, which previously used the system. With EUR 28bn assets under management, OKO Asset Management has a significant presence in the Finnish market.
In order to select a common platform for the future, OKO Asset Management conducted a thorough review of several vendors before selecting SimCorp Dimension. As a seamless processing system, SimCorp Dimension will replace a number of different systems and applications by other solution vendors, streamlining the entire investment process at OKO Asset Management.
Rami Kinnala, COO at OKO Asset Management is pleased about the agreement. “SimCorp Dimension will provide us with a common, scalable platform for our portfolio and fund management. We are looking forward to the benefits that we expect to achieve by switching to a seamless processing system.”
Senior Vice President at SimCorp A/S, Flemming B. Thomsen, is equally enthusiastic about the agreement. “We are very pleased to have OKO Asset Management on board. We are confident that OKO will enjoy the many benefits that accrue from a highly modular, seamless processing system, like SimCorp Dimension. Furthermore, it strengthens our presence in the Finnish market, where we hope to welcome more clients in the near future.”