SimCorp Deals in Germany and Australia
DekaBank, a German financial institution with managed assets of approximately €197bn and central asset manager of the savings banks’ finance group, has chosen SimCorp Dimension for fund accounting and depositary banking services, among other areas. Additionally, SimCorp has announced that Vanguard Investments Australia has licensed SimCorp Dimension. Located in Melbourne, Australia, Vanguard provides index linked funds to institutional and retail clients. Vanguard plans to use the solution to support middle and back office investment management operations across a broad range of asset classes. These new SimCorp Dimension orders do not change the company’s expectations to the year’s results.