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US-based Investment Manager First Quadrant, L.P. Selects SimCorp Dimension as Enterprise Solution

SimCorp has announced that it has signed First Quadrant, an investment management firm headquartered in Pasadena, CA, as a client. First Quadrant, a multi-product firm with global reach and nearly $30bn in assets under management, will use SimCorp’s integrated software solution, SimCorp Dimension, for back office operations for its investments.

Since First Quadrant utilises an array of financial products to meet its clients’ investment objectives, it was crucial to find a solution that had breadth and depth of functionality, along with an ability to scale and adapt as the firm’s needs and as its clients’ needs changed. With SimCorp Dimension’s central database and comprehensive, innovative modules, First Quadrant found the solution it needed.

"First Quadrant’s addition to our ever-growing North American client list is exciting on many levels,” said David Kubersky, senior vice president of SimCorp USA Inc., the North American subsidiary of SimCorp A/S. “After a rigorous evaluation process, First Quadrant concluded that SimCorp’s technology, its people and customer commitment, were the strongest amongst its competitors. Additionally, their selection of SimCorp Dimension further demonstrates adoption of the SimCorp solution in the US market, and strengthens our West Coast operation.”