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Korean government institution selects SimCorp Dimension as new core investment management solution

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Inside Information, company announcement no. 25

SimCorp announces that it has signed a large 7-year subscription license contract with a Korean government institution.

The institution will use SimCorp Dimension as a core, integrated investment management solution, leveraging the system’s Investment Book of Record, across front, middle and back office.

The solution will be used for the institution’s entire range of assets, including alternatives, to enable more efficient execution of global investment strategies, and to minimize the number of vendors and solutions the institution relies on for the management of individual asset classes.

SimCorp CEO, Klaus Holse, comments: “It is a great pleasure to welcome a Korean client to our Asian client community. With this agreement, we continue the expansion into new areas of the Asian market. The agreement is also further evidence that SimCorp Dimension has become a preferred solution among central banks, government entities and pension funds globally.”

The total list of new clients signed in 2019 is illustrated below:

PRODUCTCOUNTRYCLIENTTYPE
Q1 2019   
SimCorp DimensionUnited KingdomWillis Towers WatsonFront-to-back office
SimCorp DimensionSloveniaUndisclosed investment managerFront-to-back office
Q2 2019   
SimCorp DimensionLuxembourgUndisclosed investment managerFront-to-middle office
SimCorp CoricUSAUndisclosed investment managerClient reporting
SimCorp DimensionCanadaUndisclosed investment managerFront-to-back office
SimCorp DimensionRepublic of KoreaUndisclosed investment managerFront-to-back office

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 8802, +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 8822, +45 2892 8881)

Media contact:

Anders Crillesen, Group Communications Director, (+45 3544 6474, +45 2779 1286)

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