Swiss asset manager Vescore has implemented SimCorp’s integrated front to back solution SimCorp Dimension to enhance its institutional client business.
The asset manager, which manages $14bn in assets under management, has completed the implantation of the new system on time and on budget, SimCorp said.
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The Phase 2 of the implementation project will see the other divisions of the Vescore group migrating to SimCorp Dimension so the entire business will then operate on an integrated platform, which is designed to support modern, internationally active asset managers.
Vescore chief operating officer Alexander Lanz said: "We are very pleased that we were able to complete the first phase of our ambitious implementation project successfully and on time.
"Our Sustainable Investments department has been operating on SimCorp Dimension since January 1, 2016, and we are now optimally positioned for the growing number of institutional mandates awarded to us."
SimCorp senior sales & account manager Frank Hausgen said: "Vescore is another prominent example that the ‘Investment Book of Record’ (IBOR) is so much more than a buzzword. Operating on SimCorp Dimension, Vescore now benefits from a consistent and accurate view of all data across front, middle and back office."
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