Implementation of the system is designed to help improve this part of Vescore’s business, offering better data views through the back, middle and front office, and other divisions will also go live on the solution in a phased rollout plan.
Eventually Vescore’s entire business will operate on one integrated platform.
Vescore has assets under management of $14 billion. Improvements to its operations are intended to support modern and internationally active asset managers, helping them to realise additional growth.
Alexander Lanz, COO of Vescore, said: “We are very pleased that we were able to complete the first phase of our ambitious implementation project successfully and on time."
He added: “We are now optimally positioned for the growing number of institutional mandates awarded to us.”
Frank Häusgen, senior sales and account manager at SimCorp, commented: “Operating on SimCorp Dimension, Vescore now benefits from a consistent and accurate view of all data across front, middle and back office.”