SimCorp Announces Successful First Phase for Schroders
Schroders, the global asset management company with £139.1bn under management as at 31 December 2007, has gone live following the successful completion of phase 1 of the implementation of its SimCorp Dimension investment management system. The SimCorp Dimension system will act as Schroders’ portfolio book of record for its UK and US operations that are based in London. In the first phase (of three), the main IT architecture has been implemented and a first tranche of portfolios have been migrated to the SimCorp Dimension system. The project started in the fourth quarter of 2006. The system was configured and integrated with the existing production environment and testing began in September 2007. The first phase was completed and went live in March 2008 as planned.