Raiffeisenlandesbank Oberösterreich AG goes live with fund accounting solution from SimCorp
Following the successful migration of more than 200 managed funds, Raiffeisenlandesbank Oberösterreich AG is now in production with SimCorp's fund accounting solution.
SimCorp Dimension is used by Raifeissenlandesbank Oberösterreich AG, the strongest regional bank in Austria, as the strategic investment management platform for custody, fund administration, and IFRS compliance. The bank's former platform, Sungard V3, has been discontinued.
"It was an exemplary implementation project. With the flexibility of SimCorp Dimension and its broad range of features we are now ready for the future requirements in fund administration. The further implementation in the areas of portfolio management and middle office will increase quality and efficiency throughout the entire investment management process even further, "said Hans Schilcher, deputy chairman of the Board and COO responsible for investment management at Raiffeisenlandesbank Oberösterreich AG in Austria.
"Raiffeisenlandesbank Oberösterreich AG is yet another custodian bank in Austria to run all administered funds on SimCorp Dimension," says Anton Karl Ertl, head of SimCorp's activities in Austria. "The success is a testament to the value we bring our clients, and we very much look forward to our continued cooperation, not only with Raiffeisenlandesbank Oberösterreich AG but also with other clients in Austria."
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Enquiries regarding this announcement should be addressed to:
Oliver Widmann, SimCorp Central Europe, +49 (0) 6172 9240-0 (535)
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SimCorp
SimCorp is a leading provider of highly specialised software and expertise for the investment industry. SimCorp supports global investment management organisations in mitigating risk, reducing cost and enabling growth through development and implementation of its market-leading financial software solution SimCorp Dimension. Established in 1971, with more than 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp is headquartered in Copenhagen with subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles, Luxembourg, Munich, New York, Oslo, Paris, Singapore, Stockholm, Sydney, Toronto, Vienna and Zurich. For more information, visit www.simcorp.com.