Swiss Life extends SimCorp Dimension license agreement into Germany
Following the successful implementation of SimCorp Dimension at Swiss Life AG,
Swiss Life Germany has opted for SimCorp Dimension as its new investment
management platform. SimCorp Dimension will be used front-to-back, replacing
two legacy systems.
As part of the implementation project, Swiss Life Germany will be connected to
the Master-KAG servicing Swiss Life, which will enable look-through into its
Spezialfonds, managed by the Master-KAG. SimCorp Dimension system operations
will be carried out by the Swiss parent company, Swiss Life AG, which chose the
system as its investment management platform in 2008. In addition to system
operations, further synergies are expected within the group, including among
others, maintenance of price and static data.
"The central data storage with SimCorp Dimension is an essential factor for
group-wide controlling of the asset management activities," said Patrick Frost,
Group Chief Investment Officer of Swiss Life. "With the comprehensive use of
SimCorp Dimension we are able to further automate our processes and to
sustainably reduce the costs within asset management."
"The agreement with Swiss Life demonstrates once again the flexibility of
SimCorp Dimension and its ability to cover different technical and regulatory
requirements of different markets within a single system," adds Frank Häusgen,
Sales Manager, SimCorp Central Europe.
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Enquiries regarding this announcement should be addressed to:
Oliver Widmann, Marketing Manager, SimCorp Central Europe, +49 (0) 6172 9240-0
(535).
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Swiss Life
The Swiss Life Group is one of Europe's leading providers of life insurance and
pension solutions. The Group offers individuals and corporations a broad range
of products combined with comprehensive advice through its own sales force as
well as brokers and banks in Switzerland, France and Germany. It provides
internationally operating corporations with employee benefits solutions from a
single source, and is among the global leaders in structured life and pension
products for high net worth individuals with its centres of competence in
Luxembourg, Liechtenstein and Singapore. Swiss Life is the majority shareholder
of the Hanover-based AWD Group, one of Europe's top financial services
providers for the medium- and high-income customer segments. AWD offers its
clients independent financial advisory services. It employs over 6,300
financial consultants in ten European countries. Swiss Life Holding, registered
in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of
Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN).