CaixaBank Asset Management selects SimCorp Dimension
CaixaBank Asset Management has chosen SimCorp Dimension to revamp its front to back office operations.
CaixaBank Asset Management has more than €50 billion under management and is part of the CaixaBank Group in Spain.
Jaume Viladrosa Cutrina, CTO at CaixaBank Asset Management, says it opted for SimCorp Dimension “for its broad functional coverage and its proven ability to increase operational efficiency”.
Cutrina adds that it can now rely on a “single source of data across the entire organisation from trading to fund accounting” and “in the front office, our teams will benefit from real time data enabling them to make faster and more informed investment decisions”.
The solution will be used to automate investment management processes and workflows. It will replace a number of in-house built applications in the front and middle office, across portfolio and order management, pre- and post-trade compliance and performance measurement, through to fund accounting and other back office functions.
The agreement with CaixaBank Asset Management follows an agreement signed with its sister company, VidaCaixa, in late 2016.
