SimCorp expands community of North America pension plans
07 January 2020 Pennsylvania
Image: Shutterstock
SimCorp has expanded its community of North America pension plans with the addition of pension fund Pennsylvania Public School Employees’ Retirement System to help form the foundation of its middle and back-office operations.
PSERS has selected SimCorp’s cloud-based solution, SimCorp Dimension as-a-service, to deliver multi-asset class investment management support and transparency.
According to PSERS, it has witnessed steady growth over the years and has set a clear ambition for future growth.
The selection of SimCorp Dimension’s investment book of record (IBOR) sees the pension fund benefit from “enhanced automation and consolidation” of data from multiple disparate sources into one accurate real-time data source.
Once implemented, the IBOR will provide PSERS with a single system for its middle and back-office operational needs, including deeper analytics and optimised investment decision-making, SimCorp explained.
Additionally, SimCorp provides its alternatives solution, Alternative Investments Manager, combining alternative assets, such as private equity, real estate and infrastructure, into one single platform.
Meanwhile, its integration to the accounting book of record (ABOR) provides full transparency of underlying holdings, across middle and back-office processing, SimCorp noted.
John Kemp, PSERS managing director of investment operations and risk, commented: “SimCorp Dimension will allow PSERS to join other large state pension systems and state treasury departments in implementing an integrated IBOR to improve operations.”
“PSERS’ operations professionals have been called upon to support a growing number of portfolios, trades, positions, and complex investment strategies as our investment programme has evolved, and this trend is expected to continue into the future.”
James Corrigan, executive vice president and managing director of SimCorp North America added: “We are very happy to welcome Pennsylvania Public School Employees’ Retirement System to the fast-growing community of North American pension plans choosing SimCorp Dimension, as the foundation for multi-asset class investment operations.”
PSERS has selected SimCorp’s cloud-based solution, SimCorp Dimension as-a-service, to deliver multi-asset class investment management support and transparency.
According to PSERS, it has witnessed steady growth over the years and has set a clear ambition for future growth.
The selection of SimCorp Dimension’s investment book of record (IBOR) sees the pension fund benefit from “enhanced automation and consolidation” of data from multiple disparate sources into one accurate real-time data source.
Once implemented, the IBOR will provide PSERS with a single system for its middle and back-office operational needs, including deeper analytics and optimised investment decision-making, SimCorp explained.
Additionally, SimCorp provides its alternatives solution, Alternative Investments Manager, combining alternative assets, such as private equity, real estate and infrastructure, into one single platform.
Meanwhile, its integration to the accounting book of record (ABOR) provides full transparency of underlying holdings, across middle and back-office processing, SimCorp noted.
John Kemp, PSERS managing director of investment operations and risk, commented: “SimCorp Dimension will allow PSERS to join other large state pension systems and state treasury departments in implementing an integrated IBOR to improve operations.”
“PSERS’ operations professionals have been called upon to support a growing number of portfolios, trades, positions, and complex investment strategies as our investment programme has evolved, and this trend is expected to continue into the future.”
James Corrigan, executive vice president and managing director of SimCorp North America added: “We are very happy to welcome Pennsylvania Public School Employees’ Retirement System to the fast-growing community of North American pension plans choosing SimCorp Dimension, as the foundation for multi-asset class investment operations.”
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