SimCorp’s Dimension gains third-party service provider

Germany’s Universal-Investment group, a fund service provider, has implemented SimCorp’s front-office system – called Dimension – to gain operational efficiencies.

Universal-Investment group is a German and Luxembourg platform for Ucits and alternative funds and will use Dimension – a system that SimCorp usually sells directly to asset managers – within its outsourcing services for asset managers and pension schemes.

The firm intends to use Dimension for more operational efficiencies in front office activities.

According to SimCorp, Universal-Investment will also use Dimension for its own “rules-based” €37 billion asset management activities, as well as for clients.

Ralf Schmücker, a managing director at SimCorp, said the market in third-party service providers to asset managers was “proving an attractive business opportunity” for the Dimension system.

Michael Reinhard, chief operations officer at Universal-Investment, said: “Going forward, SimCorp Dimension will enable us to operate more efficiently, claim a stronger position in the market and add the missing front office piece as an important component to our successful 360-degree servicing competence.”

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST