HAMBURG, Germany, Sept. 15, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Unigestion, a leading Swiss asset manager with USD 20bn in assets under management, is the winner of the SimCorp Award 2016. The award was presented earlier today at SimCorp's International User Community Meeting in Hamburg attended by more than 500 industry professionals.
The SimCorp Award recognizes outstanding and innovative investment management firms that demonstrate the ability to effectively deal with market complexity – including new regulation, increasing data requirements and the emergence of new instruments – in one integrated system.
The successful implementation of the single integrated investment management solution with an IBOR at its core has enabled Unigestion to consolidate its system landscape by decommissioning more than ten legacy tools and systems.
The firm has demonstrated:
- Significantly improved time-to-market when implementing new instruments, now achieved in a matter of weeks rather than months
- More effective and value-adding data management capabilities achieved by merging ten stand-alone databases into a central data management solution
- Elimination of a wide range of manual reporting workflows, now replaced with standardized and automated processes in a scalable solution that supports multiple data sources
- New 'look through' feature for Unigestion's clients offering an instant overview of key figures, including accruals, redemptions, investment exposure and performance contribution
- Smooth and rapid system integration of a hedge fund acquisition in February 2016
Regis Martin, Deputy CEO at Unigestion commented: "We see the seamlessly integrated, simplified system architecture as the ideal long-term solution for operating efficiently in a market with increasing complexity and competition. It has resulted in more lean and efficient processes, has improved our capacity to cope with considerable volume, and helped boost our ability to meet our sophisticated clients' needs."
Klaus Holse, SimCorp CEO and member of the judging panel commented: "More and more market participants recognize that operating efficiently in a market with increasing levels of complexity requires tight system integration across the value chain. Unigestion is a strong testament to the benefits investment managers can gain from consolidation and integration, which makes this award highly deserved."
Previous award recipients include leading investment management firms such as: MEAG, Nordea Savings and Asset Management, Edmond de Rothschild Asset Management, Alberta Investment Management Corporation, and Ashmore Investment Management.
Enquiries regarding this announcement should be addressed to:
Anders Crillesen, SimCorp Corporate Communications (+45 3544 6474)
About SimCorp
SimCorp provides integrated, best-in-class investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension® , supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
About Unigestion
Unigestion is a boutique asset manager with the scale to deliver global tailor-made investment solutions for thoughtful investors. Our core values – integrity, independence, excellence and guidance – are at the heart of everything we do. We are responsible for managing some US$20bn in client assets across our four areas of expertise: equity, multi asset investing, private equity and alternatives. We believe that risk management is an enduring driver of long-term investment performance, and we therefore apply a risk lens to all our strategies.
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SOURCE SimCorp
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