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Raiffeissenlandesbank Oberösterreich AG goes live with fund accounting solution from SimCorp

Following the successful migration of more than 200 managed funds, Raiffeisenlandesbank Oberösterreich AG is now in production with SimCorp’s fund accounting solution. SimCorp Dimension is used by Raifeissenlandesbank Oberösterreich AG, the strongest regional bank in Austria, as the strategic investment management platform for custody, fund administration, and IFRS compliance. The bank’s former platform, Sungard V3, has been discontinued.

"It was an exemplary implementation project. With the flexibility of SimCorp Dimension and its broad range of features we are now ready for the future requirements in fund administration. The further implementation in the areas of portfolio management and middle office will increase quality and efficiency throughout the entire investment management process even further, "said Hans Schilcher, deputy chairman of the Board and COO responsible for investment management at Raiffeisenlandesbank Oberösterreich AG in Austria.

"Raiffeisenlandesbank Oberösterreich AG is yet another custodian bank in Austria to run all administered funds on SimCorp Dimension," says Anton Karl Ertl, head of SimCorp’s activities in Austria. "The success is a testament to the value we bring our clients, and we very much look forward to our continued cooperation, not only with Raiffeisenlandesbank Oberösterreich AG but also with other clients in Austria."