Bahrain-based Gulf International Bank (GIB) has gone live with Simcorp's asset management system, SimCorp Dimension, at its London office.
GIB is using SimCorp Dimension to support front office operations for equities, fixed income and hedge funds as well as client reporting.
Patricia Walton, head of middle office for GIB, says the system brings the front and middle office together onto the same database: "This means that both parts of the business have total consistency of information, making the whole process much more reliable."
Simcorp says the system also automates a number of processes, such as cash reconciliation and performance attribution, and reduces client reporting times from ten to five days.