COPENHAGEN, Denmark, Feb. 8, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, announces that Vescore AG, a Swiss asset manager with USD 14bn in assets under management, has successfully completed the implementation of SimCorp Dimension.
The predecessor company of today's Vescore AG made the decision to enhance its institutional client business in the summer of 2014 and selected SimCorp Dimension to support this strategy. The company has gone live with the new system on time and on budget.
"We are very pleased that we were able to complete the first phase of our ambitious implementation project successfully and on time," says Alexander Lanz, Chief Operating Officer of Vescore. "Our Sustainable Investments department has been operating on SimCorp Dimension since January 1, 2016, and we are now optimally positioned for the growing number of institutional mandates awarded to us."
The other divisions of the Vescore group will migrate to SimCorp Dimension in phase 2 of the implementation project, so the whole business will then operate on an integrated platform, designed to support modern, internationally active asset managers as they realize their growth potential.
Frank Häusgen, Senior Sales & Account Manager at SimCorp comments: "Vescore is another prominent example that the 'Investment Book of Record' (IBOR) is so much more than a buzzword. Operating on SimCorp Dimension, Vescore now benefits from a consistent and accurate view of all data across front, middle and back office."
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.
Vescore, a Raiffeisen Switzerland company, specialises in providing advisory services and managing assets for institutional clients. Established under the name of Notenstein Asset Management, the firm has substantial investment expertise in the areas of sustainability, multi-asset, managed futures and indexing which has been built up over many years. Headquartered in St. Gallen, the Vescore group has 190 employees and manages assets of CHF 14 billion. Vescore stands out through its close ties with universities, its intensive dialogue with its clients and the interdisciplinarity of its teams of experts. For more information, see www.vescore.com.