The delegated asset management business of investment consultancy Willis Towers Watson has selected SimCorp’s Dimension system for its operations.
This is the first external provider that Willis Towers Watson has chosen in order to centralise asset management operations, such as trading and client reporting.
The win is a coup for SimCorp Dimension, which is a rival to BlackRock’s Aladdin system, as it will be noticed by other delegated mangers including those in the £142 billion fiduciary management business in the UK.
Kemp Ross, global head of delegated investments at Willis Towers Watson, said the appointment of Dimension would increase risk management and “create greater value for our client”.
Hans Otto Engkilde, managing director at SimCorp UK, Northern Europe and Middle East, said consolidating operations to one core multi-asset platform means fund managers can overcome complexities in multi-asset investment operations and achieve optimal operational efficiency.
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