Mitsubishi UFJ Asset Management (UK) Ltd. (MUAM), part of Mitsubishi UFJ Financial Group, one of the world's largest financial institutions, has selected SimCorp Dimension as its future investment management platform.
The system will support MUAM's middle and back office operations including compliance, performance measurement, performance attribution, cash management, securities administration, position administration, portfolio accounting and client reporting.
Following a review of half a dozen products, MUAM found that SimCorp Dimension offered the greatest flexibility and functionality. The system provides seamless processing from a core relational database.
"The flexibility of the database will provide easy access," explains Harry Eyre, company secretary, head of operations and administration for MUAM, "and because it is functionally rich, it covers all the business areas that we require."
MUAM also liked the modern appearance and use of the SimCorp Dimension system.
"It will bring much greater automation to our back office and improve our internal client reporting," added Eyre. SimCorp Dimension's large customer base was also an important factor for MUAM.
Elizabeth Gee, SimCorp Ltd's sales director says, "MUAM has continued the trend of UK investment management firms selecting SimCorp Dimension as their operational platform for business processing and reporting. We are very pleased to welcome them as a client and see it as further evidence that our commitment to R&D is making SimCorp Dimension the market leader."