European asset manager selects SimCorp’s integrated solutions for its front office
Company announcement no 44/2019
SimCorp announces that a European asset manager has signed a large 7-year subscription-based license agreement for the use of SimCorp’s integrated solutions: SimCorp Dimension, SimCorp Gain, and SimCorp Coric.
Delivered as a cloud-based as-a-service solution, SimCorp Dimension will serve as the asset manager’s core front office platform and Investment Book of Record (IBOR), supporting portfolio and order management, risk, compliance, and performance management. As part of the integrated solution, the asset manager will use SimCorp Gain for enterprise data management and SimCorp Coric as its new client communications and reporting solution. In addition, the agreement includes several regulatory services.
SimCorp CEO, Klaus Holse comments: “It is a great pleasure to sign a large new front office focussed agreement in the asset management space. The agreement is significant for us because it signifies several of the strategic directions we are heading in as a company: it is cloud-based, it includes considerable services elements, and the client will benefit from our ecosystem of solutions.”
The total list of new clients signed in 2019 so far is illustrated below:
| PRODUCT | COUNTRY | CLIENT | TYPE | ANNOUNCEMENT TYPE |
| Q1 2019 | ||||
| SimCorp Dimension | United Kingdom | Willis Towers Watson | Front-to-back office | Press release |
| SimCorp Dimension | Slovenia | Sava Re Group | Front-to-back office | Press release |
| Q2 2019 | ||||
| SimCorp Dimension | Luxembourg | Undisclosed investment manager | Front-to-middle office | n.a. |
| SimCorp Coric | USA | Undisclosed investment manager | Client reporting | |
| SimCorp Dimension | Canada | Hydro-Quebec | Front-to-back office | Press release |
| SimCorp Dimension | South Korea | Undisclosed investment manager | Front-to-back office | Press release |
| SimCorp Coric | USA | Undisclosed investment manager | Client reporting | n.a. |
| SimCorp Dimension | United Kingdom | Undisclosed investment manager | Middle-to-back office | n.a. |
| Q3 2019 | ||||
| SimCorp Coric | Singapore | Undisclosed investment manager | Client reporting | n.a. |
| SimCorp Dimension | USA | Pennsylvania Public School Retirement System | Middle-to-back office | n.a. |
| Q4 2019 | ||||
| SimCorp Dimension | Belgium | Athora | Back office | Press release |
| SimCorp Gain | The Netherlands | Undisclosed investment manager | Data management | n.a. |
| SimCorp Dimension | USA | Undisclosed investment manager | Middle-to-back office | n.a. |
| SimCorp Dimension | Canada | Undisclosed investment manager | Front-to-back office | n.a. |
| SimCorp Dimension | Europe | Undisclosed investment manager | Front-to-middle office | Company announcement |
About SimCorp
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, banks and sovereign wealth funds. Regardless of how you deploy it, SimCorp’s core solution, SimCorp Dimension®, and its life-cycle services support the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
Enquiries regarding this announcement should be addressed to:
Investor contacts:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 2326 0000)
Michael Rosenvold, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 5235 0000)
Anders Hjort, Head of Investor Relations, SimCorp A/S (+45 3544 8800, +45 2892 8881)
Media contact:
Anders Crillesen, Group Communications Director, SimCorp A/S (+45 3544 8800, +45 2779 1286)