Delta Lloyd Selects TMS2000 for its German Investment Management Operation

Delta Lloyd Investment Managers GmbH has selected TMS2000, SimCorp's investment management solution, for its asset and fund management business. With assets under management in excess of EUR 3.5 bn Delta Lloyd Investment Managers GmbH forms part of the UK based Aviva Group, the world's seventh-largest insurance group and one of the top five life companies in Europe. The new TMS2000 license will provide Delta Lloyd with an integrated system for the company's investment management activities in Wiesbaden, Germany and strengthens SimCorp's position in the German mutual fund sector.

Delta Lloyd's investment operations include the management of six listed mutual funds and a number of funds for institutional investors. With its ability to handle a wide range of financial instruments, TMS2000 will support this operation and replace Delta Lloyd's existing systems structure, which includes a number of legacy systems. One of these, an older German fund accounting system, will be substituted by TMS2000's comprehensive fund accounting module, a recent extension to SimCorp's offering to the German mutual fund (KAG) market.

Delta Lloyd's TMS2000 installation will integrate the company's asset and fund management operations in a unified straight through processing environment for the front, middle and back offices. This will substantially enhance efficiency throughout the organisation and establish a scalable system's platform for Delta Lloyd's future growth.

Implementation will start immediately and extend into 2003.

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