MEAG, an asset manager of Munich Re, has selected SimCorp to extend SimCorp Dimension installation into the company’s front-office.
MEAG will now use its entire front-office suite, including compliance manager, asset manager and order manager for its units in New York and Hong Kong, as well as its headquarters in Munich.
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By using a single, integrated software solution for all business areas, MEAG ensures consistent data across its portfolio management, compliance and controlling systems through to the back-office and accounting businesses, according to SimCorp.
SimCorp said that the integrated front-to-back solution will also provide MEAG with: an efficient check of compliance rules on investment mandates; the integration of various feeds from trading platforms and market data, and a qualitatively improved foundation of analytical key figures.
Together with SimCorp, MEAG will also expand its functionality to include attribution analysis and simulation.
Claudio-Peter Prutz, head of IT and organizational development at MEAG, said: "The front-office suite of SimCorp Dimension will not only advance our capabilities within the front-office, it will also allow for better integration, straight-through-processing and automation with the rest of the system."
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