SimCorp bags three wins in asset and investment management space
SimCorp is smiling as it’s secured three sweet wins in the asset and investment management space with C WorldWide Asset Management, Novo Holdings and FIIG Securities.
Denmark-based C WorldWide Asset Management (formerly Carnegie Asset Management) has extended its Dimension licence agreement to include Data Warehouse Manager and will be replacing its current reporting solution with SimCorp Coric’s client communications suite.
In addition, and for the first time, C WorldWide is adopting digital reporting to its clients with SimCorp Coric Web Reporter. The move is “designed to accommodate increasingly frequent and complex requests for data from investors”.
Charlotte Wisbech Skov, head of portfolio administration from C WorldWide, says: “With SimCorp Coric, we will now have a reporting solution that can be integrated together with SimCorp Dimension, our broader front to back investment management platform. The integrated approach also has a direct impact on the implementation time frame, which is expected to be shorter, compared with alternative solutions.”
SimCorp adds that C WorldWide will be able to ensure extracted data can be pulled together into a standardised, usable format for reporting. The single source will simplify the process and strengthen compliance handling.
Meanwhile, Novo Holdings, a holding and investment company in Denmark, owned by the Novo Nordisk Foundation, has selected SimCorp Dimension as its new investment management platform.
Novo will use Dimension front-to-back to consolidate its system landscape and automate processes across its investment areas, with the aim of “achieving a more streamlined and efficient operational setup”.
SimCorp Dimension’s embedded IBOR (investment book of record) will become Novo’s central database for investment data in order to improve its risk management, performance measurement and reporting.
Finally, FIIG Securities, a fixed income firm in Australia, has signed an agreement to deploy SimCorp Dimension within its business.
FIIG Securities will invest in SimCorp Dimension as its new core, integrated investment management platform across its front, middle and back office. In particular, FIIG Securities will use SimCorp Dimension’s IBOR to provide a “golden copy of data” across its business and use the system for fixed income coverage.
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