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Mitsubishi UFJ Asset Management (UK) Ltd. Goes Live With SimCorp Dimension in 6 months

Mitsubishi UFJ Asset Management (UK) Ltd (MUAM), part of Mitsubishi UFJ Financial Group, one of the world’s largest financial institutions, has gone live with investment management platform, SimCorp Dimension, in just six months. The SimCorp Dimension system, supporting MUAM’s entire client operations, was implemented successfully on time and on budget using SimCorp's new BEST PRACTICE methodology.

MUAM is the first SimCorp customer to use the new approach, which is aimed at dramatically reducing the time and customer-side resources that an implementation can traditionally take, yet without compromising delivery quality. The initiative, covering all project phases from analysis to live production, has been developed by SimCorp based upon experience and documentation from over 150 SimCorp Dimension implementation projects.

The innovative approach has produced a very successful outcome for MUAM. Harry Eyre, Company Secretary and Head of Operations and Administration at MUAM, explained: "I have been very impressed with SimCorp's efforts to match our requirements to the system and its functionality. I felt that SimCorp was very proactive during the implementation and in providing documentation supporting the processes behind it."

Live since early August and incorporating support for pre- and post-trade compliance, position keeping, valuation, income processing, corporate actions, performance measurement and attribution, client reporting, holding reconciliation and custodian and third party extracts, MUAM has already begun to see the benefits of choosing SimCorp Dimension as the operating platform across its entire investment universe.

Eyre says: "We have seen numerous benefits. To single two out: we now have access to an open database, so we can readily obtain the information we need from the system; and we also now have STP capability. Its clear that SimCorp Dimension is going to add a lot of benefits to our business in terms of current functionality and future flexibility."

Klaus Andersen, senior vice president and managing director of SimCorp in the UK added: "MUAM's staff have been very supportive of this first BEST PRACTICE implementation and we're delighted they feel it has gone so well. We now hope to use this methodology increasingly for rapid delivery of high quality implementations for future new customers. "