Marathon rationalises IT systems and improves flexibility with SimCorp Dimension

9/11/2012 9:11 AM EST

SimCorp A/S
Press release

Marathon rationalises IT systems and improves flexibility with SimCorp Dimension

Marathon Asset Management, the UK asset manager with approximately $50 billion
of global equities under management, has moved onto a single investment
management system, SimCorp Dimension, replacing a number of legacy platforms
including HiPortfolio, Beauchamp and Salerio. The new system brings additional
functionality and flexibility to Marathon’s business and has enabled the firm
to consolidate a number of processes including trade processing, fund
accounting and reporting across both the long only and hedge fund portfolios. 

“The combination of up-to-date and open database technology on a single
integrated system gives us a firm-wide solution and enhances the extent to
which our core accounting system interacts with other best of breed systems in
use across the firm” says Nick Hughes, chief operating officer for Marathon
Asset Management. “Not only is the functionality of our previous middle and
back office systems now on one integrated platform, but we have considerably
more functionality and flexibility than before.” 

 “A key criterion was to have a system that would be future-proof and reduce
our overall costs of ownership. SimCorp Dimension was the best fit for this,”
says Hughes. “We have been able to rationalise systems so that we now have a
single view of data and a stable accounting platform. Getting the right system
was essential - it is and will be the backbone of our business.” 

Cath Rawcliffe, sales and marketing director at SimCorp in the UK, says: “An
investment management firm needs a comprehensive, stable, yet highly flexible
software platform on which to run its business. By deploying SimCorp Dimension
Marathon has ensured this, establishing a single solution which allows them to
operate efficiently, will be adaptable to changing regulatory and client
requirements and will position them for future growth.” 

                                      - - -

Enquiries regarding this announcement should be addressed to:
John Mayr, SimCorp Ltd, +44 2072 60 1903/ +44 0788 751 8354

                                      - - -

This press release expands upon SimCorp press release of 24 March 2011
"Marathon Asset Management chosses SimCorp Dimension" 

                                      - - -

About Marathon
Marathon Asset Management LLP is an independent investment management firm
based in the West End of London and was established in 1986 by its 3 founding
partners. Today it manages approximately $50 billion in global equities for a
range of blue chip international investors comprising mainly institutional
pension funds, charities and foundations. Marathon has its own distinctive
investment philosophy based upon the capital cycle approach to investment and
its primary focus is on delivering sustained out-performance for its clients
over the long term. 

About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management
software and services to the world’s leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp’s world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is
dedicated to supporting the global investment management industry, its clients
and its investors.