SimCorp, a leading provider of investment management solutions and services for the global financial services industry, announces that Vescore AG, a Swiss asset manager with USD 14bn in assets under management, has successfully completed the implementation of SimCorp Dimension.
The predecessor company of today's Vescore AG made the decision to enhance its institutional client business in the summer of 2014 and selected SimCorp Dimension to support this strategy. The company has gone live with the new system on time and on budget.
“We are very pleased that we were able to complete the first phase of our ambitious implementation project successfully and on time," says Alexander Lanz, Chief Operating Officer of Vescore. “Our Sustainable Investments department has been operating on SimCorp Dimension since January 1, 2016, and we are now optimally positioned for the growing number of institutional mandates awarded to us.”
The other divisions of the Vescore group will migrate to SimCorp Dimension in phase 2 of the implementation project, so the whole business will then operate on an integrated platform, designed to support modern, internationally active asset managers as they realize their growth potential.
Frank Häusgen, Senior Sales & Account Manager at SimCorp comments: “Vescore is another prominent example that the ‘Investment Book of Record’ (IBOR) is so much more than a buzzword. Operating on SimCorp Dimension, Vescore now benefits from a consistent and accurate view of all data across front, middle and back office.”