Ohio Public Employees Retirement System Selects SimCorp Dimension to Support Investment Operations
PRESS RELEASE
SimCorp, a leading provider of investment management solutions and services to the global financial services industry, announces that it has signed a license agreement with the Ohio Public Employees Retirement System (OPERS), which manages approximately USD 101.4 billion in assets. With the agreement, signed in December 2018, the state pension will use SimCorp’s integrated investment management system, SimCorp Dimension, across its middle and back office operations, to manage a spectrum of asset classes, including alternatives and derivatives.
The SimCorp solution will drive OPERS’ core investment accounting. Under the agreement, OPERS has licensed SimCorp’s middle and back office solutions including: investment accounting, general ledger and data warehouse. “We are excited to welcome OPERS to our growing list of public pension clients, who have chosen SimCorp Dimension, to support internally managed investment assets,” notes James Corrigan, Executive Vice President and Managing Director of SimCorp North America.
Enquiries regarding this announcement should be addressed to:
Mittal Shah, SimCorp PR, North America 001 (646) 843 1707 mittal.shah@simcorp.com
Anders Crillesen, SimCorp Corporate Communications +45 3544 6474 anders.crillesen@simcorp.com
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 and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 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.
About OPERS
With defined benefit and health care investment assets of $101.4 billion as of Dec. 31, 2017, the Ohio Public Employees Retirement System is the largest state pension fund in Ohio and 12th-largest in the United States. OPERS predates Social Security, having provided benefits for its members since 1935.