Vanguard Investments Australia Chooses SimCorp Solution
Vanguard Investments Australia has chosen SimCorp Dimension to support its middle and back office investment operations services across a broad range of asset classes. Vanguard’s decision to review its investment operations platform follows 10 years of sustained growth for the company in Australia and the identification of opportunities in the wider Asia-Pacific region. The SimCorp solution will replace the existing legacy system, other associated applications and complex interfacing and reconciliation processes. It will provide trade capture, matching (Omgeo CTM)/settlement; pricing rules/valuations; cash management; corporate action management; investment accounting; Australian tax calculations and tax optimisation; unit pricing; SWIFT connectivity; performance and attribution; post-trade compliance; reconciliation; interfacing and reporting.