SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced Ashmore Investment Management (Ashmore) as winner of the annual SimCorp Growth Management Excellence Award. The winner was announced today at a ceremony in Copenhagen, attended by more than 400 investment management industry professionals.
The award recognizes innovation and outstanding performance across the global investment management industry. Ashmore took the top spot by demonstrating significant innovation and achievement over the past 5 years.
Between June 2010 and June 2015, Ashmore increased assets by 62% while at the same time maintaining a zero growth rate in IT support staff and reducing global middle office staff by 5%. The company’s assets under management increased by $22.6 billion to $58.9 billion and the firm now has offices in 11 countries, employing approximately 280 staff.
Ashmore has successfully driven a high-growth strategy fundamentally linked to its strategic objectives. Protecting and growing the business, Ashmore has implemented a flexible, scalable and global operating platform to seize market opportunities.
Mark Coombs, Chief Executive Officer, Ashmore Investment Management commented: “We are well positioned to take advantage of the substantial opportunities in emerging markets to create value for investors and shareholders. We rely on our ability to deploy innovative investment ideas by operating a robust, scalable global operating platform to deliver long-term performance.”
SimCorp CEO Klaus Holse, member of the judging committee, commented: “This award recognizes investment management organizations that achieve exceptional results within growth management. Ashmore’s ability to expand its global footprint while reducing operating costs is highly impressive and we are pleased to see that SimCorp Dimension has played a key part in Ashmore reaching its strategic objectives.”
Previous award recipients include leading investment management firms such as: Challenger Limited, Dealis Fund Operations, MEAG, Nordea Savings and Asset Management, Edmond de Rothschild Asset Management and Alberta Investment Management Corporation.