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Swisscanto, a Swiss investment fund and asset manager whose shareholders are the 24 Swiss cantonal banks, will be expanding its usage of the SimCorp Dimension integrated system to include the in-house administration of its funds, according to a report from SimCorp, a vendor of investment management solutions and services.
Since 2004, Swisscanto has been using modules of the SimCorp Dimension line for a wide range of financial instruments. However, an external service provider was carrying out the asset manager’s fund administration, according to SimCorp.
The Swiss firm switched to SimCorp for fund administration, citing the limited flexibility of outsourcing fund administration because of increasingly complex financial products, heightened regulatory requirements, mounting demands on data management, and increasingly individualized customer needs, SimCorp officials say.
“Through the use of SimCorp Dimension, we recovered the necessary flexibility in the administration of our own funds as well as on client mandates,” says Hans Frey, head of corporate services at Swisscanto and member of the Swisscanto Group management, in the SimCorp statement. “In addition, we were able to realize efficiency gains by only using a single piece of software for the entire value chain.”
Need a Reprint?- Read More:
- SimCorp,
- Swisscanto
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