SimCorp signs Heijmans; appoints Alan Ngu business consultant

Source: SimCorp

SimCorp announces that it has signed Heijmans NV as a new client for its IT2 Treasury management system.

Heijmans NV is a Netherlands based and listed international constructtion company, with an annual turnover of EUR 2.8 billion, and pre-tax profits of EUR 117 million (fiscal year 2006, IFRS basis). Heijmans has over 10,000 employees. Its operations extend beyond the Netherlands to Belgium, Germany and the United Kingdom. Strategically, Heijmans has extended its spheres of business beyond physical construction into the provision of advisory, design, development, maintenance and management services.

The Heijmans Group Treasury team's operations are based in Rosmalen, which is situated in Brabant to the North of Eindhoven. Their principal activities include cash management, Groupwide cash forecasting, project and division financing and in-house banking.

According to Heijmans Group Treasurer, Mr. Gerrit Kerkhof, "Heijmans chose an IT2 solution because of its superior reporting capabilities, including the impressive scope of its out-of-the-box reporting, and additionally for the ease of developing new reports. We also like the contemporary look-and-feel of the system, and its breadth of functionality which will support our expanding operation."

Heijmans' IT2 implementation is presently in progress, and the first phase is scheduled for completion in the second quarter of 2007. The completion of all phases is planned for the fourth quarter of 2007.

Separately, SimCorp Asia announces today the appointment of Alan Ngu as Business Consultant.

Mr Ngu's career spans over 15 years within the finance and technology arena. He brings extensive experience to the role, having held positions both with solution providers and fund and asset managers, working with systems from the front to the back office.

Mr Ngu joins SimCorp from a four-year tenure at Prudential Fund Management Services during which time he was responsible for the roll-out of a front office system for the company in seven countries throughout the Asia Pacific region.

Prior to joining Prudential Mr Ngu was IT Project Manager for Overseas-Chinese Banking Corporation where he evaluated and selected a portfolio accounting and valuation system for the company, and managed the development of an insurance premium processing system.

Mr Ngu's impressive track record of system evaluation and implementation also includes positions with DBS Asset Management, where he implemented and supported a front to back investment management system, and DST International, where, as Senior Consultant, Mr Ngu managed system roll-outs for a number of leading financial services providers.

In his new role, Mr Ngu will report to Per Bjoedstrup, Professional Services Manager, Singapore, utilising his extensive IT and business experience to implement and support the company's market-leading investment management solution SimCorp Dimension.

Commenting on Mr Ngu's appointment, Peter Hill, Managing Director, SimCorp Asia said: "We are delighted to welcome Alan to our Asian team. His experience of working both on the vendor and client side, means he is perfectly positioned to understand and respond to our clients' needs. We have increased our Singapore office by over 60 percent in the last six months alone which is a clear demonstration of our growing success in the region."

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