Challenger Limited, an Australian investment management company, has committed to expand its use of SimCorp Dimension.
SimCorp said, this will continue to enhance Challenger’s capabilities, particularly in offering their boutique partnership operations a truly integrated platform.
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In 2003, when Challenger first considered SimCorp Dimension, the company had approximately $10 billion in funds under management.
In the decade since, Challenger has used the SimCorp platform to establish a central investment book of record as the fundamental, accurate source of information used across the organization and across all processes. At present, Challenger is managing funds in excess of $40 billion.
SimCorp Asia MD, Peter Hill, said: "Challenger has been an important part of our growth in the Australian market as well as an excellent sparring partner for our development process as we enhance the functionality of our product, SimCorp Dimension.
"We believe that Challenger’s experiences are testament to the ways in which modern technology can help shape the course of a business with great success," Hill said.
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