James Corrigan, Executive VP and Managing Director, SimCorp, North America

Danish investment management solutions provider SimCorp has announced that World Bank has selected its investment management system, SimCorp Dimension.

“We feel very privileged to support the goals of The World Bank and their investment management operations with our intuitive multi-asset platform,” notes James Corrigan, Executive Vice President and Managing Director of SimCorp North America. “This is another example where we partner with our clients to modernize balance sheet operations and ultimately optimize investment decision-making for future growth.”

The agreement which was signed in late 2018, licenses SimCorp’s middle and back office solutions including asset management, collateral management, cash and securities management, investment accounting, reconciliation, performance management, settlement, risk, fund administration, data warehouse, IBOR, general ledger and corporate actions.

Recently, SimCorp was chosen by France-based Exane Group for the former’s front and middle office operations.

Established in 1971 in Denmark, SimCorp provides integrated investment management solutions to the asset managers at financial institutions such as banks, national banks, pension funds and insurance companies worldwide. It’s core system SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR.

by Megha Bhattacharya
Market Analyst at IBS Intelligence