Sydinvest selects SimCorp
Sydinvest, the sixth largest Danish mutual fund, has chosen SimCorp Dimension to handle its investment management operations throughout its front, middle and back offices. Sydinvest has over 66,000 investors with more than DKK 41bn under management.
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SimCorp Dimension will replace a number of systems and proprietary applications. Because SimCorp Dimension is based on a single database, it will increase the level of automation throughout Sydinvest’s investment management process.
Operating in the Danish, Norwegian and German markets, Sydinvest found that SimCorp Dimension was the only solution that could handle its complex requirements in terms of fund accounting and authority reporting for the different countries.
Commenting on the agreement, Eskild Bak, managing director at Sydinvest said, "Throughout our procurement process, SimCorp has always been truly interested in finding a solution that would support both our current and future business needs. We are confident we have found a solution and a vendor that can add value to our business."