SimCorp sees extension of Danish mandate 21 August 2017Copenhagen Reporter: Stephanie Palmer
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Danish asset manager C WorldWide Asset Management Fondsmæglerselskab has extended its SimCorp Dimension licence agreement to include the Data Warehouse Manager and the SimCorp Coric client communications tool.
The asset manager, formerly known as Carnegie Asset Management, has selected the SimCorp solution in a bid to improve its client reporting capabilities, meeting increasing investor demand for transparency.
The end-to-end communications suite allows for digital client reporting, and is designed to accommodate increasingly frequent and complex requests for data from investors.
Integrating with the Data Warehouse Manager, which serves as a central repository for reporting and analytics, Coric also allows for a single source of data, making it easier to extract information in a standardised and usable format for reporting.
C WorldWide Asset Management has around DKK 110 billion (€14.79 billion) in assets under management. Charlotte Wisbech Skov, head of portfolio administration at the firm, said: “Client reporting is an important communication tool for C WorldWide Asset Management.”
“With SimCorp Coric, we will now have a reporting solution that can be integrated together with SimCorp Dimension, our broader front-to-back investment management platform.”
She added: “This development supports our strong focus on delivering a world-class client experience, further strengthened by the inclusion of digital self-service tools. The integrated approach also has a direct impact on the implementation time frame, which is expected to be shorter, compared to alternative solutions.”
Stuart Keeler, managing director at SimCorp Coric, said: “SimCorp Coric is committed to investing in next-generation technologies, to deliver client information via web browser or mobile device.”
“This approach is key to delivering confidence to the investor and unburdens asset managers like C WorldWide Asset Management with the aggregation, management and communication of data reporting, leaving them to focus more closely on their organisational objectives.”
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