Schroders Completes Implementation of SimCorp Dimension as Portfolio Book of Records
Schroder Investment Management has gone live with the third and final tranche of portfolios uploaded into SimCorp Dimension, adding over 700 and bringing the total to more than 1100. The system functions as the Portfolio Book of Records at the heart of Schroders’ Target Operating Model, a systems architecture devised following Schroders’ decision in 2005 to reverse its business operations outsourcing strategy.
The SimCorp solution has replaced two older systems, one packaged and one built in-house, bringing all asset classes together onto a single platform. It handles real-time position keeping and lifecycle management across all portfolio mandates and reporting structures, transaction processing, investment accounting, income processing and corporate actions and it feeds all of Schroder’s downstream systems.