Dealis completes migration of DekaBank funds 27 January 2011New York Reporter: Justin Lawson
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Dealis Fund Operations GmbH, a joint venture company owned by Allianz Global Investors and DekaBank with EUR 340 billion under administration, has successfully migrated 1,300 mutual and special DekaBank funds onto its investment management platform, SimCorp Dimension.
"Following the successful migration, we are now offering our system platform to other fund companies in Germany and Luxembourg," says Roman G. Trageiser, spokesman for Dealis. "New customers benefit from our independence and ability to innovate. Owing to SimCorp Dimension, we guarantee a highly flexible and cost-effective response to individual customer needs, market demands and regulatory requirements."
Since the formation of Dealis in late 2008, up to 50 funds per week have been lifted onto the common SimCorp Dimension platform in an automated migration process. These include 260 former Cominvest funds transferred by mid-2010, just a year after that company’s integration into Allianz Global Investors. Dealis now administers approximately 2,500 funds on the platform.
"This project's success is an important signal to the market, especially in these times of general consolidation," says Dr. Jochen Müller, Managing Director of SimCorp Central Europe. "The Dealis case shows that SimCorp Dimension is the right platform, even for very large volumes."
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