SimCorp announces that Edmond de Rothschild Asset Management, head-quartered in Paris, has selected SimCorp Dimension as its future strategic platform for domestic and international asset management activities.
Initially, Edmond de Rothschild Asset Management will use SimCorp Dimension to support its front office, middle office and fund administration activities primarily in Paris, but also in the rest of Europe and Asia. The solution focuses primarily on portfolio management, risk management, performance measurement, compliance and fund administration for a broad range of financial instruments.
Following a detailed selection process, Edmond de Rothschild Asset Management found that SimCorp Dimension offered the greatest flexibility and functionality.
Managing Director of SimCorp France SAS, Troels P. Jensen says: "We are very proud to welcome such a prominent client as Edmond de Rothschild Asset Management right in the heart of Paris. SimCorp opened an office in France earlier this year and this new agreement is an important step in our ambitions of penetrating the French market. This is our second client in France and proves the benefit of SimCorp Dimension as the back-bone asset management system for an international group. This new contract is evidence of our competitive strength also in the French market - one of the largest financial markets in the world".