SimCorp Ends Third Quarter On a High Note

SimCorp has received three orders for its SimCorp Dimension investment management system on the last day of its third quarter, including its first ever contract in Australia. The Australian contract was received from Challenger Financial Services Group, a leading diversified investment and financial services group. The other two orders were received in Holland from ING Verzekeringen and from Interpolis Pensioenen, which is one of the largest asset managers in the Dutch market and part of the Interpolis Group.

Challenger manages and administers more than A$10 billion of assets on behalf of over 100,000 Australian investors. It will use SimCorp Dimension’s full straight through processing functionality in managing and monitoring these assets in its front, middle and back office and for accounting activities.

Interpolis Pensioenen will also be using SimCorp Dimension for its front middle and back office activities to manage its EUR 12 billion of assets under management. The new system will replace several different applications. SimCorp Dimension was selected after Interpolis Pensioenen had conducted a comprehensive review of the market in which it found that SimCorp Dimension was the most suitable for its needs.

"SimCorp Dimension was the only system that provided a totally integrated solution and supports all our requirements without any modifications," says Rob Heerkens, director of Interpolis Pensioenen. "We expect it to support our asset management in a more effective and efficient way. This in turn will allow us to improve the customer care to our clients."

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