Victorian Funds Management Corporation Chooses SimCorp Dimension

Sydney - 3 July 2007

SimCorp is pleased to announce that Victorian Funds Management Corporation (VFMC) has licensed SimCorp Dimension. Located in Melbourne, Australia, VFMC is responsible for managing investments of AUD39.7 billion on behalf of 14 clients, all of whom are Victorian Government entities.

VFMC will use SimCorp Dimension to manage front- and middle-office investment management functions, including order management, portfolio management, performance and attribution, compliance, and cash and holdings reconciliation.
VFMC is centralising some of its investment management functions and taking over the investment strategy role in addition to its current portfolio construction and manager selection responsibilities. The implementation of an investment management platform is an integral part of this model.

“We chose SimCorp Dimension because it provides critical investment management and middle-office functionality within a seamlessly integrated system that interfaces easily with our custodian. This core platform is critical to the management of a rapidly growing and diversifying business” says VFMC Chief Operating Officer, Brett Davidson. “We also believe there are benefits to VFMC with working with a single software provider for these functions.”

“We’re delighted to welcome VFMC as a customer,” says SimCorp Asia managing director, Peter Hill. “We look forward to working with VFMC in building a centre of investment excellence in Melbourne”.

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