SimCorp announces that Alberta Investment Management Corporation (AimCo), one of the largest investment managers in Canada, has chosen SimCorp Dimension for its investment operations.
AIMCo invests more than USD70 billion, on behalf of a number of public sector pension, endowment and special purpose funds, across a range of asset classes.
"We were especially impressed by the flexibility, and the breadth and depth of functionality of SimCorp Dimension," said Jay Kembhavi, COO at AIMCo. "Since we work with an array of asset classes, it was particularly important to have a comprehensive platform that could manage our range of investments."
SimCorp develops and implements one product - SimCorp Dimension - an integrated, enterpriselevel tool that provides front, middle, and back office solutions for the investment management industry. Headquartered in Denmark, and listed on OMX Nordic Exchange Copenhagen, the company has a worldwide client base of approximately 160 financial institutions, and has established subsidiaries and offices throughout the world to support them.
"We are delighted to add AIMCo to our growing list of North American clients, and see this as further evidence of acceptance of our platform and our emerging leadership within the North American market," said David Kubersky, president of SimCorp USA, Inc. "As a newly formed crown corporation, AIMCo has a great deal of growth ahead of them, and we are very pleased that SimCorp Dimension were chosen as the future investment management platform."