SimCorp announces that it has signed a license agreement with KBC Asset Management, the largest investment manager in Belgium. KBC Asset Management manages assets of approximately EUR 205bn in funds and unit-linked life insurance and has a fund market share in Belgium of more than 35%.
KBC Asset Management has selected SimCorp’s investment management solution, SimCorp Dimension, as its investment book of record (IBOR). The system will support the firm’s front and middle office activities across all asset classes, including trading, portfolio management, compliance, performance, risk, and settlement.
Jürgen Verschaeve, Chief Investment Officer, KBC Asset Management comments: “Partnering with SimCorp will help us provide superior service to our customers while benefiting from additional growth and efficiency potential. In addition to functional advantages of SimCorp Dimension, SimCorp’s strong position in the investment management industry, its implementation skills, excellent references and local presence were among the decisive factors for us.”
Hans Otto Engkilde, Managing Director, SimCorp Benelux comments: “KBC Asset Management is the third new client SimCorp manages to attract in Benelux in less than two years. This clearly demonstrates the strong market position we have in this region. We are happy to welcome KBC Asset Management to our community of clients.”