GAM Investments revamps investment operating model with SimCorp

Partnership will see GAM use SimCorp Dimension as its core front-office platform, with the transition due to begin this month.

By Joe Parsons

Swiss asset manager GAM Investments has up-ended its investment operations technology and agreed to use SimCorp to consolidate its trading and middle-office systems.

GAM will use SimCorp Dimension as its core front-office platform and investment book of record (IBOR), supporting its portfolio and order management, risk, compliance and performance management.

The investment manager will also use SimCorp Gain for enterprise data management, and SimCorp Coric for a new reporting solution. The transition to SimCorp’s platform will begin this month.

“Reducing complexity remains a priority at GAM and consolidating our front and middle office systems is an important step towards achieving this. SimCorp is an industry leader and its single platform solution is best suited to the future direction of GAM and will move GAM’s technology platform to a best-in-class model,” said Peter Sanderson, group CEO, GAM.

“Transitioning to a fully integrated solution will not only enhance our clients’ experience of doing business with us, most visibly through an improved reporting experience, but will also increase operating effectiveness and efficiencies.”

GAM has worked with SimCorp since 2004 to help support $108 billion of assets under management that is run on the platform, specifically its private label funds business and select investment management strategies. The agreement to consolidate its investment operations technology was signed in the fourth quarter of last year.

“The agreement is significant for us because it signifies several of the strategic directions we are heading in as a company: it is cloud-based, it includes considerable services elements, and the client will benefit from our ecosystem of solutions,” said SimCorp CEO, Klaus Holse at the time of the agreement.

SimCorp has established itself as a vital front-to-back technology provider for a number of leading asset managers and asset owners, including Willis Towers Watson, Sava Re Group, Hydro-Quebec, the Pennsylvania Public School Employees Retirement System (PSERS), and the Canada Pension Plan Investment Board, among others.

In December, SimCorp signed a front-to-back data sharing agreement with BNY Mellon, whereby the global custodian would provide custody and fund services data with SimCorp’s mutual buy-side clients.

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