Source:
New South Wales Treasury Corporation (TCorp), has selected market leading investment management system, SimCorp Dimension to manage its fixed income client portfolios. Based in Sydney, Australia, TCorp is the central financing authority for the New South Wales public sector, as well as managing debt and asset portfolios on behalf of its public sector clients.
SimCorp Dimension will be used for pricing, valuation, settlement and compliance functions for the asset management business and will replace a suite of in-house systems. TCorp chose SimCorp Dimension following a careful review of the market and pilot testing with short-listed vendors.
Stephen Knight, TCorp General Manager Treasury and Deputy Chief Executive, said: "TCorp chose SimCorp Dimension because it best met the functionality we needed to manage our growing asset management business."
TCorp will implement SimCorp Dimension during 2004.