Notenstein Private Bank, a St. Gallen based bank specialising in asset management, announced today that it has chosen SimCorp Dimension as its new software solution, Hazel Biegelsen reports. The software will be used in front and middle office operations.

Andreas Knörzer, head of asset management at Notenstein Private Bank said, "Our decision was the result of a comprehensive selection process involving both Swiss and global solution vendors. This process included on-site due diligence at other asset managers. By choosing SimCorp Dimension we have set the foundation for the planned growth and expansion of our client services."

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Notenstein Private Bank is a subsidiary of Raiffeisen Schweiz with CHF 20 bn assets under management. SimCorp Dimension is an investment and portfolio management software and services provider covering Europe, North America, and Asia Pacific.