SimCorp has announced that it has signed the Hospitals of Ontario Pension Plan (HOOPP), one of the largest defined benefit pension plans in Canada, as a client.
HOOPP, an industry leader amongst multi-employer plans, provides pension benefits for nearly a quarter of a million healthcare workers and retirees across Ontario.
HOOPP will use SimCorp's integrated software solution, SimCorp Dimension, for back office and accounting operations for all of their public market investments.
"After a very structured search and evaluation process, we chose SimCorp Dimension because of its broad instrument coverage and functionality," said Jim Keohane, CIO and Senior Vice-President, Investments at HOOPP. "We look forward to partnering with SimCorp and having a flexible solution that can accommodate us as our needs change."
SimCorp develops and implements one product - SimCorp Dimension - an integrated, enterprise level tool that provides front, middle, and back office solutions for the investment management industry. Headquartered in Denmark, and listed on the Copenhagen Stock Exchange, the company has a worldwide client base of over 160 financial institutions, and has established subsidiaries and offices throughout the world to support them.
"We are very proud to have as prestigious and reputable an institution as HOOPP listed amongst our clients," said David Kubersky, president of SimCorp USA Inc., the North American subsidiary of SimCorp A/S. "Since SimCorp Dimension allows for seamless management and processing of data from a single, central database, HOOPP determined that it was the solution best suited to meet its needs. In addition, SimCorp's dedication to its clients, as evidenced by a highly referenceable customer base, helped reinforce HOOPP's decision to choose SimCorp Dimension as its enterprise solution, and is further proof of SimCorp's commitment to the North American market."