SimCorp's TMS2000 chosen by Gulf International Bank (UK) Ltd

The Asset Management Division of Gulf International Bank (UK) Ltd has selected TMS2000, SimCorp's investment management system, to support its asset management operations in London. With $7 billion under management, Gulf International Bank requires a single integrated system to support its entire front office operation, for equities, fixed income and hedge funds, the system will also support the middle office including client reporting.
"In our review of the market, we looked at 15 systems," says David Waite, head of asset management for Gulf International Bank (UK), "SimCorp's TMS2000 was the only system capable of providing us with the full instrument coverage that we require."
The Bank see a number of benefits to adopting a single integrated system, including improved STP, enhanced operating efficiency, reduced operational risk and better client reporting. The order is for a 20 user licence and the system is due to be fully implemented in the Bank's London office in the first quarter of 2003.

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