The SimCorp system will provide middle- and back-office functionality covering accounting, taxation, asset valuation, settlement of investment transactions, compliance monitoring, reporting and performance information.
Macquarie’s decision to implement SimCorp Dimension was taken after a comprehensive review of the systems available in the Australian market. The review included an assessment of the ability of the systems to deliver business efficiencies and flexibility.
"Following a market evaluation we chose SimCorp's Dimension as the system that most closely meets our requirements, at this point in time, to administer our wide range of portfolios and securities." said Christian Vignes, Chief Operating Officer for Macquarie Funds Management.
"We’re delighted to welcome Macquarie as a client" says Nick Quin, Manager Sales & Marketing, SimCorp. "This underlines the benefits that a fully integrated solution running on a single platform can provide in terms of efficiency gains and cost reductions."
