SimCorp TMS2000 Strengthens European Market Position

SimCorp has received three orders for TMS2000 from companies across Europe. In Holland the order comes from Mn Services, which is the first Dutch business to purchase SimCorp’s straight through processing investment management solution TMS2000. In Switzerland a significant order has been placed by Swissca and in Finland the Pohjola Group Oyj has also placed an order for the system.

Based in Rijswijki in the Hague, Mn Services is to replace its existing suite of portfolio and treasury management systems with SimCorp’s investment management solution TMS2000, following an extensive system selection process. It is the first company in the Netherlands to adopt SimCorp’s TMS2000 straight through processing system.

Mn Services provides investment management and administration of insurance and collective pensions for several Dutch institutional clients. Managing almost EUR 19 billion, Mn Services is one of the largest professional investment management companies in the Netherlands.

Mn Services’ TMS2000 installation will be implemented as a fully integrated solution encompassing portfolio and treasury management operations in the front, middle and back offices. With coverage for a wide range of financial instruments, the solution will provide Mn Services with a straight through processing environment for some 50 users.

In Switzerland, the order has come from Swissca, one of the country’s foremost investment management companies with assets under management in excess of CHF 40bn. This new TMS2000 customer is a leading Swiss and European provider of financial and consulting services to institutional clients in investment funds, asset management, international securities trading, pensions and insurance.

Replacing an existing suite of portfolio management systems, the new TMS2000 solution will provide Swissca with broad instrument coverage in a full straight through processing environment, again for 50 users in front, middle and back offices. The implementation project will start immediately and the installation is scheduled to go live in the spring of 2003.

The Finnish Pohjola Group Oyj has selected SimCorp’s TMS2000 system for its asset management operation, Pohjola Asset Management. Replacing an existing portfolio management system, the TMS2000 system will be implemented during 2002 for 20 users.

The SimCorp system will enable the company to handle its entire investment management process within an integrated production framework, linking together the front, middle and back office operations in a straight through processing environment. It will support a wide range of securities and financial instruments and will also provide a framework for Pohjola Asset Management’s dedication to constantly offer new services, such as advanced performance reporting.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development