SimCorp Press Release: Dealis successfully completes migration of DekaBank funds onto SimCorp Dimension

Dealis Fund Operations GmbH - a joint venture company owned by Allianz Global Investors and DekaBank with EUR 340 billion under administration - has successfully, and according to schedule, migrated 1,300 mutual and special DekaBank funds onto its investment management platform, SimCorp Dimension.

"Following the successful migration, we are now offering our system platform to other fund companies in Germany and Luxembourg," says Roman G. Trageiser, spokesman for the Dealis management team. "New customers benefit from our independence and ability to innovate. Owing to SimCorp Dimension we guarantee a highly flexible and cost-effective response to individual customer needs, market demands and regulatory requirements."

Since the formation of Dealis in late 2008, up to 50 funds per week have been lifted onto the common SimCorp Dimension platform in an automated migration process. These include 260 former Cominvest funds transferred by mid-2010, just a year after that company’s integration into Allianz Global Investors. Dealis now administers approximately 2,500 funds on the platform.

"This project's success is an important signal to the market, especially in these times of general consolidation," says Dr. Jochen Müller, Managing Director of SimCorp Central Europe. "The Dealis case shows that SimCorp Dimension is the right platform, even for very large volumes."
 

Enquiries regarding the announcement should be addressed to:

Oliver Widmann, Marketing Manager, SimCorp GmbH, Tel.: +49 (0) 6172 9240-0 (535).

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About Dealis Fund Operations GmbH

Dealis is the joint venture of two of Germany’s leading investment management companies, Allianz Global Investors and DekaBank. With approximately 2,500 German and Luxembourg mutual and special funds and EUR 340 billion in assets under management (as of 31 December 2010), Dealis groups all the central back office tasks of the leading German asset managers. This makes Dealis the largest provider of fund accounting and fund administration services in Germany.

About 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 about SimCorp, visit www.simcorp.com.