Source: SimCorp Dimension
Tapiola Asset Management, the 5th largest asset manager in Finland, has chosen SimCorp Dimension as their future asset management platform.
Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management into Tapiola Fund Management Company, which now has approximately EUR 5.1bn assets under management.
After a thorough evaluation of other available systems, Tapiola Asset Management found that SimCorp Dimension was the only system that truly met all their current and future requirements in terms of flexibility and efficiency and would provide the best support for derivative instruments. SimCorp Dimension will replace a local standard and cover front-to-back office operations including accounting and fund administration.
Managing Director at Tapiola Asset Management, Tom Liljeström, is looking forward to working with SimCorp. "We are confident that with SimCorp Dimension we have chosen the new international market standard in Finland. Following the merger and implementing SimCorp Dimension, we believe Tapiola will take a very strong position in the Finnish fund and asset management market."
"The agreement with Tapiola is our second in this market this year," says head of Nordic sales and account management at SimCorp A/S Lau Harting Jeppesen. "It shows that our declared strategy on the Finnish market is bearing fruit and we hope to welcome more clients in this market in the near future."
Senior Vice President at SimCorp A/S, Flemming B Thomsen, is also very content with the agreement. "We are very pleased to have Tapiola on board. The selection of SimCorp Dimension further confirms the outstanding quality of our system and gives a clear indication that SimCorp Dimension is setting the new standard for systems used by asset management companies in Finland."