COPENHAGEN, Denmark and NEW YORK, Aug. 22, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that it has signed a license agreement with Belfius, a large banking and insurance group fully owned by the Belgian federal state. Belfius is among the top four leading banks in Belgium and serves approximately 3.5 million customers, offering commercial activities in three main fields: retail and commercial banking, the public and corporate sector, financial services and insurance.
Belfius has selected SimCorp Dimension to support its front and middle office activities, including investment book of record (IBOR), trading, order and portfolio management, compliance, performance, and risk, across a wide range of asset classes.
Mr. Dirk Smet, General Manager Privilege-, Private- & Business Clients at Belfius comments: "We have chosen SimCorp Dimension because we see it as the best solution to provide the level of automation, flexibility and functional coverage we need. The system will enable us to operate more efficiently and ease our regulatory compliance efforts going forward. Ultimately, this is a strategic choice that will bring further value to our clients."
Hans Otto Engkilde, Managing Director, SimCorp Benelux comments: "For a financial institution like Belfius to realize an ambitious strategy while also coping effectively with regulatory and market demands, a modern investment management system is a must. This is the second new client we get in Belgium in the last six months, and we are very happy to welcome Belfius to our client community."
Enquiries regarding this announcement should be addressed to :
Hans Otto Engkilde, Managing Director, SimCorp Benelux (+32 2213 3021, +32 498 866 601)
Anders Crillesen, SimCorp Corporate Communications (+45 3544 6474)
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 Belfius Bank & Insurance
Belfius Bank & Insurance is a group that is solidly rooted on a local level, deploying commercial activities in Belgium in three main fields: retail and commercial banking, the public and corporate sector, financial services and insurance. With some 150 years of experience in the public sector and 50 years in the retail client segment, Belfius Bank & Insurance is wholly owned by the Belgian federal state through the Federal Holding and Investment Company (FHIC). For more information, please visit www.belfius.be