Allianz Dresdner Asset Management Signs for SimCorp Dimension
Allianz Dresdner Asset Management Deutschland GmbH. one of the largest German asset management firms, has chosen SimCorp Dimension investment management system to support its back office. It is one of SimCorp’s largest license agreements in Germany to date. With assets under management in excess of EUR 1,100 billion, ADAM Deutschland forms part of the Allianz Group, the world’s largest insurance group and one of the top five asset managers in the world. SimCorp Dimension will be used to support a wide range of financial instruments. It will replace ADAM Deutschland’s existing back office system structure and include SimCorp Dimension’s recently enhanced fund accounting module. The firm’s asset and fund management operations will be integrated by the new system in a unified back office environment. Additionally, SimCorp has offered ADAM Deutschland the option to extend its installation with additional workstations and SimCorp Dimension front and middle office functionality.