SimCorp announced today that American Century Investments, a leading asset management firm, has gone live on SimCorp Dimension to support the companyâs growth initiatives for its institutional products and international operations. American Century Investments, which is headquartered in Kansas City, Missouri, manages approximately $97 billion in assets for individual and institutional investors.
American Century Investments selected SimCorp to support the companyâs strategy to grow and expand the firmâs international and institutional business, which was implemented to help the company diversify and avoid unnecessary volatility in assets under management. The firm, which was replacing a legacy system, was looking for a solution that would offer the ability to add new products quickly and in a way that would mitigate operational risk. SimCorp Dimension was selected for its fully integrated, scalable system and flexible modular design.
âAmerican Century Investments has made strategic choices over the past few years, designed to position the company for growth. One of those key decisions was choosing to partner with SimCorp,â remarked Merele May, Senior Vice President of Investment Operations at American Century Investments. âSimCorpâs key tenets of reducing cost, mitigating risk and enabling growth were exactly in line with where we are aiming to take the company. Having a reliable, scalable and flexible solution in place helps make the entire investment process more efficient and creates peace of mind across the organization.â
Benefits realized since American Century Investments went live with SimCorp Dimension include greater ease of use by accountants in investigating and locating vital information, shorter lead times for the average user to fluently access the system and the ability to value portfolios daily in an automated fashion. American Century Investments also now has the ability to launch new products with a considerably reduced lead time and enhanced accounting and reporting for portfolios denominated in currencies other than US Dollars.
David Kubersky, managing director of SimCorp North America, commented, âAmerican Century Investmentsâ asset management acumen coupled with the companyâs fiscal prudence is exemplary. The firm â which has earned the respect of âMain Streetâ â is primed for growth, and we are pleased to partner with American Century Investments to give them the operational support necessary to continue to expand.â