SWIB implements SimCorp platform
17 January 2025 US
Image: SeanPavonePhoto/stock.adobe.com
The State of Wisconsin Investment Board (SWIB) will begin to use SimCorp’s platform to bring its investment book of record (IBOR) in-house.
Retiring its outsourced IBOR will allow the company to access real-time data on its investment positions and exposures across the organisation, SWIB says. The company also intends to use SimCorp’s data management services to simplify market and reference data access for the platform’s users.
The firm says the implementation marks a milestone for SimCorp’s expansion within the North American pension sector.
Rochelle Klaskin, chief operating officer at SWIB, says: “Our strategic partnership with SimCorp will support our mission to deliver strong investment returns for the beneficiaries of the Wisconsin Retirement System.”
Managing director and head of Americas at SimCorp, Allen Zimmerman, adds: "We are thrilled to see SWIB go live as part of their strategic business transformation. This milestone demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our clients.”
Retiring its outsourced IBOR will allow the company to access real-time data on its investment positions and exposures across the organisation, SWIB says. The company also intends to use SimCorp’s data management services to simplify market and reference data access for the platform’s users.
The firm says the implementation marks a milestone for SimCorp’s expansion within the North American pension sector.
Rochelle Klaskin, chief operating officer at SWIB, says: “Our strategic partnership with SimCorp will support our mission to deliver strong investment returns for the beneficiaries of the Wisconsin Retirement System.”
Managing director and head of Americas at SimCorp, Allen Zimmerman, adds: "We are thrilled to see SWIB go live as part of their strategic business transformation. This milestone demonstrates our commitment to delivering innovative solutions that meet the evolving needs of our clients.”
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