3Banken-Generali Investment-Gesellschaft mbH, the common fund subsidiary of 3Banken group and Generali Holding Vienna, has extended its current SimCorp Dimension installation to include three front office tools: Asset Manager, Order Manager and Compliance Manager.
3Banken-Generali Investment together with Oberbank AG Linz, which is part of the 3Banken group, selected SimCorp Dimension in 2008. Oberbank AG is the depository bank of 3Banken-Generali Investment and uses SimCorp Dimension in the areas of fund administration, IFRS and compliance.
At 3Banken-Generali Investment, SimCorp Dimension was initially implemented to support the bank in the areas of risk management and performance attribution.
"The breadth of functionality and the high quality of SimCorp's implementation services were the key drivers behind our decision to expand the use of SimCorp Dimension to the front office," commented Dietmar Baumgartner, manager of 3Banken-Generali Investment.
"We are delighted that a leading asset manager like 3Banken-Generali Investment, has decided to expand its use of SimCorp Dimension to automate front office processes," said Anton Karl Ertl, head of SimCorp's activities in Austria. "3Banken-Generali Investment's vote of confidence in SimCorp is a testimony to the value we offer to asset managers seeking a robust investment management platform to support their growth and value creation strategies."