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Fund services news

SimCorp selected by German pension fund


19 February 2018 Berlin
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
SimCorp Dimension has been selected by Soka-Bau, a German pension fund, to manage its new front to back office investment management platform.

The agreement, signed in December 2017, will consolidate its current systems to provide the fund with a more efficient investment management setup.

SimCorp Dimension will provide Soka-Bau with a risk management capability, which will support the pension fund with risk measurement of its portfolio.

To enable more accurate forecasting, Soka-Bau will also use a single source of real-time data, powered by the system’s investment book of record (IBOR).

Soka-Bau’s corporate pension schemes are provided to all employees of the approximately 75,000 companies within the German construction industry.

Maria Güntner, head of portfolio management at Soka-Bau, said: "After a comprehensive selection process, SimCorp Dimension proved to be the most complete solution to meet our integration, automation and transparency requirements.”

She added: “Consolidating our system architecture onto one multi-asset class platform will significantly enhance our asset management capabilities, while reducing our operating costs."

Alexander Hase, vice president of sales and account management of SimCorp central Europe, commented: "We are very pleased to welcome Soka-Bau to our global community of pension funds and insurance companies. This partnership underlines the significant benefits of consolidated investment management for the pensions and insurance industry.”
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