The SimCorp Dimension system is to act as Schrodersâ portfolio book of record for its UK and USA operations that are based in London. In the first phase (of three), the main IT architecture has been implemented and a first tranche of portfolios have been migrated to the SimCorp Dimension system. The project started in the fourth quarter of 2006. The system was configured and integrated with the existing production environment and testing began in September 2007. The first phase was completed and went live in March 2008 as planned.
âAn important factor in the success of this project has been the very close working relationship between Schroders and SimCorp. Weâve benefited significantly from the skills and dedication of the SimCorp team and the level of teamwork achieved,â said Oakeley.
Schroders selected SimCorp Dimension because it provides the best all round fit for its businessâs functional needs and strong support for derivative instruments. The firm was also impressed with SimCorpâs philosophy and management of product development.