Leading emerging markets equity specialist, Genesis Investment Management LLP, has gone live with SimCorp Dimension.
Genesis now bases its core fund management operations on the system, including front, middle and back office business functions.
"The SimCorp system provides us with a flexible and efficient platform to support our business," explains Martyn Ryan, chief financial officer of Genesis.
With approximately USD 20bn under management, Genesis chose SimCorp Dimension to replace existing packaged and bespoke systems. The decision was reached after careful research of the whole market, which included taking advice from an independent consultant. A major consideration was whether to take the single system or the best of breed approach.
Ryan explained: "We found that the SimCorp system has the potential to provide us with a single, seamless system with the capacity to deal with all our requirements. In fact, we were pleased to find a single product that can do so many things in the way that we want to do them."
Ryan also cited the benefits of simplified maintenance and increased automation as contributory factors in choosing the new system.
"The SimCorp system has replaced our existing systems and now we are positioned to exploit its capabilities further in the months ahead. As we do that we expect to realise more and more benefits of improved automation and the resulting efficiencies that that will bring," concluded Ryan.
SimCorp sales director Elizabeth Gee is also pleased with the success of the implementation. "Genesis's experience demonstrates again that SimCorp Dimension genuinely provides a comprehensive front-to-back operational platform for investment management businesses. We're delighted that Genesis has gone live as planned within nine months and we look forward to supporting them as they continue to develop their use of the system."