TMS2000 Chosen By Gulf International Bank (UK) Ltd
The Asset Management Division of Gulf International Bank (UK) Ltd has selected TMS2000, SimCorp’s investment management system, to support its asset management operations in London. With $7 billion under management, Gulf International Bank requires a single integrated system to support its entire front office operation, for equities, fixed income and hedge funds, the system will also support the middle office including client reporting. The Bank see a number of benefits to adopting a single integrated system, including improved STP, enhanced operating efficiency, reduced operational risk and better client reporting. The order is for a 20 user licence and the system is due to be fully implemented in the Bank’s London office in the first quarter of 2003.