SimCorp Dimension has been selected by Soka-Bau, a German pension fund, to manage its new front to back office investment management platform.
The agreement, signed in December 2017, will consolidate its current systems to provide the fund with a more efficient investment management setup.
SimCorp Dimension will provide Soka-Bau with a risk management capability, which will support the pension fund with risk measurement of its portfolio.
To enable more accurate forecasting, Soka-Bau will also use a single source of real-time data, powered by the system’s investment book of record (IBOR).
Soka-Bau’s corporate pension schemes are provided to all employees of the approximately 75,000 companies within the German construction industry.
Maria Güntner, head of portfolio management at Soka-Bau, said: "After a comprehensive selection process, SimCorp Dimension proved to be the most complete solution to meet our integration, automation and transparency requirements.”
She added: “Consolidating our system architecture onto one multi-asset class platform will significantly enhance our asset management capabilities, while reducing our operating costs."
Alexander Hase, vice president of sales and account management of SimCorp central Europe, commented: "We are very pleased to welcome Soka-Bau to our global community of pension funds and insurance companies. This partnership underlines the significant benefits of consolidated investment management for the pensions and insurance industry.”
