SimCorp selected to support SOFAZ
SimCorp Dimension has signed a licence agreement with the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to support equities, fixed income and alternative investment management activities from front to back offices.
The agreement means that SimCorp will support portfolio, order and compliance management, post-trade and settlement processing, risk, performance measurement and attribution, as well as accounting and reporting services.
This is the latest in a string of mandates for SimCorp. In 2014, it secured agreements with Aegon Assist Management in the Netherlands and French asset manager Federis Gestion d’Actifs.
