SimCorp, a provider of software and expertise for the investment industry, has been selected by Eagle Asset Management to provide its SimCorp Dimension solution for investment management.
SimCorp Dimension will replace the legacy investment accounting, performance and client reporting systems for Eagle Asset Management, an institutional and retail asset management firm offering an array of equity and fixed income managed accounts and mutual funds designed to meet long-term goals.
As we undertake strategic initiatives to differentiate our products and service offerings, we depend on solid technology that can keep pace with our organizational goals and the market dynamics, says Steven Ballard, vice president of IT at Eagle Asset Management. In our evaluation, we looked for robust state-of-the art technology designed to help us react to changes in business and product direction. SimCorp met these criteria but further differentiated itself with a platform architecture designed with a good deal of flexibility.
Eagle says it selected the solution due to its ability to consolidate data from disparate sources and investment workflows on a single platform. SimCorp Dimension will allow Eagle Asset Management to capture the most granular level of data in a single database which in turn delivers better data quality and accurate client reporting.
We are extremely proud to add a firm the calibre of Eagle Asset Management to our growing list of clients, says David Kubersky, managing director for SimCorp North America. Eagle Asset Managements selection of SimCorp is a reflection of the broader markets need for platforms that support transparency throughout the trade life cycle, especially in the wake of new regulatory reforms.
(CG)