Groupama Asset Management, a subsidiary of the Groupama insurance group has grown to become one of France’s largest asset managers, with more than EUR 100bn in assets under management. Its addition to the SimCorp community sees it joining some of the leading insurers around the world who are moving into the asset management space to reap diversified returns, aided by a cost-effective, multi-asset class IT infrastructure.

To scale for growth, Groupama Asset Management decided to consolidate and simplify its IT throughout its front and middle office operations, to increase efficiency, gain agility and reduce operational risk. The group required a flexible and integrated solution enabling them to enhance the management of assets & liabilities, onboard complex instruments in line with the latest regulations, and deliver new and advanced functionality. After a rigorous selection process, SimCorp Dimension stood out as the solution that best addressed Groupama Asset Management’s current criteria, above and beyond the initial project scope, as well as offering the ability to scale for the future.

Hubert Le Lourd, Chief Operating Officer at Groupama Asset Management, commented: “The implementation of SimCorp Dimension enables us to both focus on our core business and to position ourselves for further expansion. Having gone live, we’ve already seen major benefits, including the removal of more than 10 solutions, much broader front and middle office functionality and most importantly, access to real-time data that enables our front office to make more timely and informed investment decisions. The collaboration between Groupama AM and SimCorp has been key in the timely delivery of this project.”

Emmanuel Colson, Managing Director at SimCorp Southern Europe, commented: “The on-time and on-budget success of this project demonstrates SimCorp’s dedicated implementation resources while the system itself ensures our clients can benefit from the scale that is needed to support their growth. This is particularly important for asset managers with insurance mandates, where a low running cost and consolidated, multi-asset infrastructure is crucial in yielding desired returns. The collaboration between the teams has been great and we look forward to further strengthening this partnership in the future.”