M&G Investments partners with SimCorp for Investment Book of Record
LONDON, June 30, 2015 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that M&G Investments ("M&G") has selected SimCorp's Investment Book of Record (IBOR) to provide real-time position information across all asset classes. IBOR will be M&G's replacement source of high quality position data for managing investment portfolios and client servicing.
M&G's IBOR will be based on proven, award-winning IBOR functionality in SimCorp's investment management solution, SimCorp Dimension. It will enable M&G to simplify its system architecture and provide greater flexibility to support new products and exploit growth opportunities.
Martin Lewis, Chief Operating Officer of M&G, says of the partnership: "The investment world continues to grow in sophistication and the information requirements of our fund managers grow in step. An investment book of record is essential to provide the service our business requires to make best-informed decisions for our clients. After a thorough selection process we are very pleased to partner in this initiative with SimCorp."
Klaus Holse, Chief Executive Officer of SimCorp, comments: "M&G drove the development of IBOR standards for the benefit of the whole industry. It is a testament to the quality of our solution that M&G has chosen to partner with SimCorp to align our product to these IBOR standards. We look forward to a long and mutually beneficial relationship."
This press release expands upon SimCorp Company Announcement no. 31/2015 of June 26, 2015
Enquiries regarding this announcement should be addressed to:
John Mayr, SimCorp Ltd, +44 (0) 2072 60 1903/ +44 (0) 7887 51 8354
About M&G Investments
M&G is a leading international asset manager, known for its long-term and conviction-led approach to investing. We have been an active manager of investments for individual and institutional clients for over 80 years.
Today we manage assets in excess of £269.7 bn (as at 31 March 2015) in equities, multi-asset, fixed income, real estate and cash for clients across Europe and Asia.
About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world's leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
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SOURCE SimCorp
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