SimCorp Ends 2004 on High Note

SimCorp ended 2004 on a high note, receiving ten orders for its flagship investment management system, SimCorp Dimension, in the last seven weeks of the year. The orders, which were predominantly from European organisations, included: ABG Sundal Collier, Abu Dhabi Investment Authority, Activest Group, Bliwa Life Insurance, Cazenove Fund Management, Försäkringsföreningen för det Statliga Området, ING Insurance, Lupus Alpha, Sparkassen Informatik and the pension fund of a large Dutch multinational company.

In the UK, London-based, Cazenove Fund Management (CFM) has chosen SimCorp Dimension to support its entire back office operations, including client reporting. The scope of the implementation covers all CFM's retail, institutional and private client funds.

Three contracts were signed in Germany.

Sparkassen Informatik, which is the IT provider to 235 affiliated savings banks in Germany, has chosen SimCorp Dimension to provide an ASP solution to these banks for market risk management within portfolio management.

Lupus Alpha, an independent German asset management group, has chosen SimCorp Dimension for its seamless processing capabilities. It will use the system to manage its fund management activities, throughout its entire operation from front to back office.

Activest Group, the asset management operation of HVB Group in Germany, has also selected SimCorp Dimension for its seamless processing capabilities.

In Scandinavia, SimCorp has received two orders from Swedish fund managers and one to support a Norwegian broking business.

Försäkringsföreningen för det Statliga Området (FSO), a Swedish pension fund that manages pensions for state-employees, has decided to use SimCorp Dimension as its integrated systems platform. The system will handle FSO’s entire investment process, from performance measurement to cash management, accounting and compliance.

Bliwa Life Insurance in Sweden has ordered SimCorp Dimension, primarily for its front office functionality.

In Norway, AGB Sundal Collier has licensed SimCorp Dimension to support its broking business.

SimCorp’s first contract in Belgium has been received from the country’s fifth largest insurance company, ING Insurance. With around EUR 11b assets under management, ING Insurance will use SimCorp Dimension for its back office operations.

In Holland, a large Dutch multinational company has chosen SimCorp Dimension to manage the investment for its pension fund, including front, middle and back office operations.

Outside of Europe, in the Middle East, Abu Dhabi Investment Authority (ADIA) has selected SimCorp Dimension. The installation will cover front and middle office requirements for ADIA’s equities department as well as the back office and accounting requirements across all asset types.

"It is very encouraging to end the year in this positive way," says Torben Munch, executive vice president of SimCorp. "It shows how the market is becoming more and more aware of the benefits that can be gained from our integrated approach to asset management software, which enables seamless processing. It’s a true endorsement for our product."

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