M.M.Warburg & CO chooses SimCorp Dimension
Well-established, German private bank M.M.Warburg & CO KGaA, with more than €35bn assets under management, has selected SimCorp Dimension as its future investment management solution. SimCorp Dimension will be used as the strategic platform for M.M.Warburg & CO's asset management and depositary banking services.
SimCorp Dimension, which seamlessly integrates the whole investment management process, will be applied at M.M.Warburg & CO in Germany and Luxembourg, covering the entire value chain including portfolio management, compliance and fund administration. Among other reasons for selecting SimCorp Dimension was the inherent flexibility of the software that allows easy adaption of different business needs and across various geographical locations.
"We are proud to include M.M.Warburg & CO and its subsidiaries to our prestigious client list and we look forward to our partnership," says Dr. Ralf Schmücker, managing director of SimCorp Central Europe and responsible for sales and product management. "We continually invest in the further development of SimCorp Dimension and we are confident that we can offer our clients the needed future-proof solution."
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This press release expands upon company announcement 14/2011, sent to NASDAQ OMX on 16 November 2011.
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Enquiries regarding this announcement should be addressed to:
Oliver Widmann, Marketing Manager, SimCorp GmbH, (+49 6172 9240535/+49 1757214055).
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About M.M.Warburg & CO KGaA:
Established Hamburg in 1798, M.M.Warburg & CO is now one of the largest private banks in Germany. Its capital is exclusively in the hands of private individuals. As a universal bank M.M.Warburg & CO offers a comprehensive range of services and products concentrating on its core competences in the business areas of private banking, asset management and investment banking. With its subsidiary banks and holding companies, M.M.Warburg & CO is represented in many locations in Germany and neighbouring countries.
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. For more information about SimCorp’s products, please visit www.simcorp.com/product.