Metropole Gestion, a French asset management firm with €6bn in assets, has chosen SimCorp Dimension to revamp its front and middle office operations.

The asset manager will use the solution across its equity, fixed income and diversified funds operations.

The vendor said that the deployment of its solution will enable the business to grow as well as lower its operational costs.

The firm will also use SimCorp Dimension’s IBOR (Investment Book of Record), which will cover portfolio and order management, pre- and post-trade compliance, performance measurement, NAV control, as well as risk management.

Metropole Gestion managing director, CIO and founder Isabel Levy said: “We have selected SimCorp Dimension for its extensive front office functionality, its proven track record in automating asset managers’ operations, and its ability to deliver a faster-to-market standard platform.

“The implementation of SimCorp Dimension will enable us to support our growth strategy, by enabling us to scale to increasing volumes and assets under management, while significantly reducing operational risk and maintaining a low cost base.”

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The firm will use SimCorp’s Standard Platforms offering, which according to the vendor, simplifies the implementation process.

SimCorp Southern Europe managing director Emmanuel Colson said: “Metropole Gestion will benefit from our Standard Platform delivery model, which enables our clients to leverage our experience in streamlining asset management operations and benefit from industry best practices.”