SimCorp selected by German pension fund
19 February 2018 Berlin
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.”
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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