SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Partners Capital Investment Group, LLC, has gone live with SimCorp Dimension to support back- and middle-office functions.
Partners Capital is a leading private investment office, located in London, Boston and Hong Kong, with approximately $8 billion of assets under management. The firm advises a wide range of clients across diverse and complex multi-asset class portfolios.
"SimCorp Dimension is one of the best developed, single solution systems in the marketplace," says Toby Seth, partner and chief operating officer at Partners Capital. "SimCorp has an extensive software development team and the SimCorp Dimension product is constantly being enhanced and improved so we can be confident that it will support our business for many years to come. We find that the team at SimCorp takes the time to understand our business needs and requirements across our clients, functions, asset classes and products."
SimCorp Dimension provides all the investment accounting solutions and supports the middle- and back-office processing requirements of Partners Capital. Additional functional modules can be easily implemented without the necessity of installing another database.
In the future, Partners Capital expects to extend the use of this seamless processing based, investment management solution to also support other areas of its business such as portfolio management and compliance.
Looking to the future was an important consideration in the original selection of SimCorp Dimension. In its search for the right system and business partner, Partners Capital had thoroughly researched the global investment management software market, considering many vendors over an eight month period. They wanted a system that could both be extended functionally and stand the test of time.
"It is a well-rounded solution that improves the efficiency of our processes and enhances the quality of our information across our business. This makes our business more scalable and enables us to improve the reporting we provide to our clients," concludes Seth.
SimCorp Ltd.'s sales and marketing director, Cath Rawcliffe, is also pleased with the success of the implementation of SimCorp Dimension at the firm: "Partners Capital provides its clients with investment offerings and service of a breadth and standard found only at the forefront of the wealth industry," she notes. "So to be able to help them improve their operational efficiency and position themselves to grow their business in this way proves the effectiveness and value of SimCorp Dimension for this kind of business."
Partners Capital has been a SimCorp client since May 2011.