New Orders for SimCorp Solution
SimCorp has received two new orders for its Dimension platform. Landesbank Hessen-Thüringen Girozentrale (Helaba) has selected the investment management software for post-trade processing, custody operations and depository banking. Sparkassen Informatik, an IT services provider to German savings banks, will host the application for Helaba and will work with SimCorp as prime contractor during the implementation process. Helaba says that the software’s functionality, which covers existing requirements and for future needs such as reporting within international accounting standards (IFRS), was a particular draw. In addition, Mitsubishi UFJ Asset Management (MUAM) in the UK, part of Mitsubishi UFJ Financial Group, has selected SimCorp Dimension as its future investment management platform. The system will support MUAM’s middle and back office operations including compliance, performance measurement, performance attribution, cash management, securities administration, position administration, portfolio accounting and client reporting.