SimCorp has announced that Edmond de Rothschild Asset Management, head-quartered in Paris, has selected SimCorp Dimension as its future strategic platform for domestic and international asset management activities.
Initially, Edmond de Rothschild Asset Management will use SimCorp Dimension to support its front office, middle office and fund administration activities primarily in Paris, but also in the rest of Europe and Asia. The solution focuses primarily on portfolio management, risk management, performance measurement, compliance and fund administration for a broad range of financial instruments.
Following a detailed selection process, Edmond de Rothschild Asset Management found that SimCorp Dimension offered the greatest flexibility and functionality.
Managing Director of SimCorp France SAS, Troels P. Jensen says: We are very proud to welcome such a prominent client as Edmond de Rothschild Asset Management, which is based in the heart of Paris. The benefit of SimCorp Dimension will be provided as the back-bone asset management system for this significant international group. SimCorp opened an office in Paris earlier this year and this is our second French client. This new agreement is an important development for our entry into this market one of the largest financial markets in the world.