The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SimCorp Secures Dimension Licence Agreement with Pennsylvania Pension Scheme

SimCorp has extended its North American client base through a licence agreement with Pennsylvania Public School Employees’ Retirement System (PSERS), which will use the vendor’s cloud-based Dimension as-a-service solution to deliver multi-asset class investment management support and transparency.

Also key to the agreement is SimCorp Dimension’s Investment Book of Record (IBOR), which will help the pension fund enhance automation and consolidation of data from multiple disparate sources into one real-time data source. It will also support a single system for middle and back office operational needs, including deeper analytics and optimised investment decision making.

The provision of SimCorp’s alternatives solution, Alternative Investments Manager, will combine alternative assets, such as private equity, real estate and infrastructure, into one platform, while integration with the Accounting Book of Record (ABOR) will offer transparency of underlying holdings across middle and back office processing.

John Kemp, managing director of investment operations and risk at PSERS, says: “SimCorp Dimension will allow PSERS to join other large state pension systems and state treasury departments in implementing an integrated IBOR to improve operations. Our operations professionals have had to support a growing number of portfolios, trades, positions, and complex investment strategies as our investment program has evolved, and this trend is expected to continue into the future.”

James Corrigan, executive vice president and managing director of SimCorp North America, says PSERS adds to a growing community of North American pension plans choosing Dimension for multi-asset class investment operations. He adds: “Continued investment into alternative investments forms part of this success, as asset owners seek operational support for this growing yet challenging asset class.”

Related content

WEBINAR

Recorded Webinar: Data management for ESG requirements

Environmental, Social and Governance (ESG) investing is moving into the mainstream, requiring asset managers to develop ESG strategies that deliver for both the firm and its investors. While these strategies can outperform those that do not include ESG factors, there is no clear route to success in an immature market that is only just beginning...

BLOG

NeoXam Partners Market Data Consultancy MDP to Extend Reach of DataHub

Paris-based data management platform provider NeoXam has forged an alliance with market data consultancy MDP to extend the reach of its DataHub platform in the DACH region comprising Germany, Austria and Switzerland. The initiative will focus on helping clients deal with market and reference data challenges such as costs, multi-vendor strategies, reconciling data sources and...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...