Australia's Macquarie Funds Management is deploying SimCorp's flagship investment management platform, Dimension.
SimCorp says the system will provide middle and back office functionality covering accounting, taxation, asset valuation, settlement of investment transactions, compliance monitoring, reporting and performance information.
The tender was won after a comprehensive review of the systems available in the Australian market.
"Following a market evaluation we chose SimCorp's Dimension as the system that most closely meets our requirements, at this point in time, to administer our wide range of portfolios and securities," says Christian Vignes, COO, Macquarie Funds Management.
Nick Quin, sales and marketing manager, SimCorp, comments: "This underlines the benefits that a fully integrated solution running on a single platform can provide in terms of efficiency gains and cost reductions."