M. M. Warburg, which has more than EUR35 billion assets under management, will use SimCorp, which integrates the whole investment management process, as the strategic platform for its asset management and depositary banking services.
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According to the statement released by the bank, SimCorp will be applied at M. M. Warburg in Germany and Luxembourg, covering the entire value chain including portfolio management, compliance and fund administration.
M. M. Warburg selected SimCorp as it has the flexibility of the software that allows easy adaptation of different business needs across various geographical locations.
Speaking on the selection of SimCorp by the German bank, Ralf Schmücker, managing director of SimCorp Central Europe and responsible for sales and product management, said, "We continually invest in the further development of SimCorp Dimension and we are confident that we can offer our clients the needed future-proof solution."
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