24 April 2014

Eagle Asset Management selects SimCorp Dimension for investment accounting

09 January 2014  |  794 views  |  0 Source: SimCorp

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Eagle Asset Management, Inc. has gone live with SimCorp Dimension.

Founded in 1976, Eagle and its affiliates manage $30 billion in assets for institutional and individual investors with a broad array of separately managed account and mutual-fund products designed to meet long-term goals.

Built on state-of-the art technology, SimCorp Dimension provides a high degree of automated processes and workflows and is flexible, adaptable and scalable to deal with both current and future market requirements. Eagle selected SimCorp Dimension for the ability to consolidate data from disparate sources and investment workflows on a single platform. Having an integrated platform with front-to-back office capabilities that taps into a single repository of high-quality position data across all asset classes allows Eagle to consolidate previous discrete platforms, streamline investment workflows, strengthen compliance checks and provide more client reporting options.

“Increased regulation, client demand for transparency, real-time reporting and the ability to support and take advantage of new growth opportunities helped guide us to this solution,” said Steven Ballard, Vice President of IT at Eagle Asset Management. “We are excited to have a solution in place that is both fit-for-purpose and fit-for-future and that will drive enterprise-wide success for our business.”

According to David Kubersky, Managing Director of SimCorp North America, “Asset managers today can no longer risk relying on legacy investment management systems. With uncertain markets and stiff regulatory requirements, buy-side firms that evaluate and transform their systems are the ones who will stay ahead of the competition. We are pleased to partner with Eagle as the investment manager future-proofs the business and embraces technology as an enabler of growth.”

As Head of Investments for Eagle, Cooper Abbott commented, “Eagle is committed to meeting the complex needs of our sophisticated clients. This platform provides flexibility and capacity to adapt as their needs expand and evolve.”

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