SimCorp Dimension wins Paris mandate 22 June 2016Paris Reporter: Stephanie Palmer
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Parisian investment firm Exane has selected SimCorp Dimension to support its middle- and back-office operations for listed and over-the-counter derivatives.
The SimCorp Dimension software is designed to help companies integrate their investment management solutions, and Exane will use it to replace its current technology platform of disparate solutions.
Exane specialises in cash equities, derivatives and asset management, serving a diverse European global client base. According to SimCorp, the mandate was based on the solutions’ ability to support Exane’s current and future business needs.
Solutions could also be extended to other Exane business lines in the future.
Benoît Catherine, deputy CEO of Exane, commented: “We have selected SimCorp Dimension for its extensive functional scope, especially in the derivatives area, as well as its proven ability to automate middle and back-office processes. The implementation of SimCorp Dimension will enable us to scale for growth and to serve our clients even better.”
Emmanuel Colson, managing director at SimCorp France, said: “We are very pleased to welcome Exane into our growing community of French and international clients.”
“Exane is a key player in the European derivatives space and their choice of SimCorp Dimension is a tribute to the system’s ability to support and ease investment manager’s growth by removing operational complexity and the associated risk.”
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