SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced it has entered into an agreement with MSCI to support a direct data and analytics link between SimCorp Dimension and the MSCI RiskManager platform.
A future connection to MSCI's BarraOne product is also planned.
The new interface, which is now available, enables common clients of SimCorp Dimension and MSCI RiskManager to obtain up-to-date risk analytics more efficiently, through an integrated workflow loading SimCorp Dimension holdings into MSCI RiskManager and MSCI RiskManager risk analytics into SimCorp Dimension.
This new workflow will allow common clients to reduce operational complexity and make better informed investment decisions using a clearer picture of their risk exposure. SimCorp Dimension clients will have back-testing, value-at-risk calculations, historical data, and analytics from MSCI RiskManager easily accessible on-screen.
Swiss & Global Asset Management was the first mutual client to use the new technical interface under a pilot scheme. Swiss & Global AM is part of GAM Holding AG, an independent, pure-play asset management group. The group has assets under management of CHF 115.3 billion (as at 31 March 2014).
"One of the principal objectives of SimCorp Dimension is to equip clients with the best tools available to monitor risk. MSCI's best-in-class market risk offering is a natural partner for us and will enable our mutual clients to obtain maximum benefit from both products and achieve watertight risk monitoring," says Marc Schröter, Senior Vice President and Head of Product Management, SimCorp.
"Our clients want investment management tools that work together and complement each other through every part of the investment process," said Roveen Bhansali, Managing Director and Head of Risk Management Analytics for MSCI. "We are delighted to work with a market leader like SimCorp to deliver more deeply integrated and efficient tools to clients."