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SimCorp to consolidate GAM Investment’s front and middle office platforms

Zurich-based GAM Investments announced that it has entered into a long term license agreement with SimCorp in a bid to consolidate its external front and middle office systems in one platform.

Peter Sanderson, Group CEO at GAM, said, “Reducing complexity remains a priority at GAM and consolidating our front and middle office systems is an important step towards achieving this. SimCorp is an industry leader and its single platform solution is best suited to the future direction of GAM and will move GAM’s technology platform to a best-in-class model. Transitioning to a fully integrated solution will not only enhance our clients’ experience of doing business with us, most visibly through an improved reporting experience, but will also increase operating effectiveness and efficiencies.”

According to the supplier, SimCorp Dimension will act as GAM’s core front office platform and Investment Book of Record (IBOR) and will support portfolio and order management, risk, compliance and performance management. GAM will also utilise the supplier’s Gain for enterprise data management and SimCorp Coric will be used for new client communication and reporting solution. The transfer of systems is expected to provide improved client reporting experience for GAM.

GAM’s transition to SimCorp’s platform will begin this month.

Recently, SimCorp announced that it has signed an agreement with Pennsylvania Public School Employees’ Retirement System (PSERS) in a bid to boost its middle and back-office investment operations.

GAM Investments provides active investment solutions and products for institutions, financial intermediaries and private investors. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers.

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