Genesis Investment Management LLP, has gone live with SimCorp Dimension, now basing its core fund management operations on the system, including front, middle and back office business functions.
With approximately $20 billion under management, Genesis chose SimCorp Dimension to replace existing packaged and bespoke systems. A major consideration was whether to take the single system or the best of breed approach.
“We found that the SimCorp system has the potential to provide us with a single, seamless system with the capacity to deal with all our requirements. In fact, we were pleased to find a single product that can do so many things in the way that we want to do them,” says Martyn Ryan, CFO, Genesis.
“Genesis’s experience demonstrates again that SimCorp Dimension genuinely provides a comprehensive front-to-back operational platform for investment management businesses. We’re delighted that Genesis has gone live as planned within nine months and we look forward to supporting them as they continue to develop their use of the system,” adds Elizabeth Gee, sales director, SimCorp.