SimCorp Dimension will provide performance measurement and attribution, cash management, security and position administration, reporting and investment accounting to manage US $31.6 billion (as at June 2007) that Ashmore has in pooled funds, segregated accounts and structured products.

It was SimCorp Dimension's flexible technology, seamless processing and broad instrument coverage that particularly impressed Ashmore. "SimCorp Dimension suits our future strategic direction," said Martin Tully, head of operations, technology and client relationship management at Ashmore. "The combination of its flexibility and extensive functionality will enable us to provide a broader product offering and adapt to changing demands from clients."

"We are delighted to have Ashmore as a new customer," says Lee Wright, managing director of SimCorp Limited. "The contract was awarded against strong competition, which demonstrates how we are strengthening our market position here in the UK."