Deutsche Bank’s Mutual Fund Manager DWS Opts for TMS2000

DWS - Germany's largest mutual fund manager and member of the Deutsche Bank Group - has signed a license agreement for TMS2000, SimCorp's integrated investment management system. This agreement represents one of the largest orders in SimCorp's history. A significant part of the agreed TMS2000 installation will be operational during 2001 with completion due in 2002.

Initially, DWS's license agreement is for some 200 users at its offices in Frankfurt, Germany and Luxembourg. However, as DWS intends to implement TMS2000 in several other DWS and Deutsche Asset Management locations around Europe, the agreement gives DWS the option to acquire licenses for an additional 200 users.

DWS manages assets of 125 billion Euro in more than 200 mutual funds from its operations in Germany, Belgium, Luxembourg, Switzerland and Italy. The DWS contract therefore represents a major breakthrough in SimCorp's efforts to position TMS2000 as a large-scale investment management solution for large financial institutions not only in Germany, but also in the entire European market.

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