Hans Otto Engkilde, Managing Director and Senior Vice President, SimCorp UK

SimCorp Dimension has been selected by Willis Towers Watson, an advisory, broking and solutions company, in a bid to form the front to back system for its global Delegated Investments business.

Hans Otto Engkilde, Managing Director and Senior Vice President, SimCorp UK, Northern Europe and the Middle East commented: “We are pleased to welcome Willis Towers Watson’s Investments business to SimCorp’s client community and to be an integral part of their investment operations. By consolidating operations to one core multi-asset platform, we firmly believe the buy side can overcome the complexities of multi-asset investment operations, to achieve optimal operational efficiency. ”

According to the supplier, Willis Towers Watson will utilize SimCorp Dimension’s Asset Manager, SimCorp Coric and SimCorp’s integrated Book of Record for its front office, client reporting and investment business data needs respectively. Apart from that, the supplier will a multi-currency, multi-client, multi-asset portfolio management system to support global assets, management of the full trade lifecycle from order creation to a settlement, across all asset classes etc.

Kemp Ross, Global Head of Delegated Investments, Willis Towers Watson comments: “As our business evolves to meet the growing needs of our clients, it is vital that we continue to invest in our technology capabilities. We are delighted to work with SimCorp on enhancing the technology infrastructure of our Delegated Investments business in order to better manage risk and create greater value for our clients.”

Recently, SimCorp Dimension was selected by the World Bank for middle and back office solutions.

Willis Towers Watson is an Irish-domiciled multinational risk management, insurance brokerage and advisory company. The firm was founded in 2016.

by Megha Bhattacharya
Market Analyst at IBS Intelligence