Swiss-based GAM is to consolidate its external front and middle office systems on to one platform leveraging SimCorp Dimension – one of the main risk and trading systems used in the funds industry.
SimCorp Dimension will serve as GAM’s core front office platform and ‘investment book of record’, supporting portfolio and order management, as well as risk, compliance and performance management.
Following the long-term agreement with the financial software firm, GAM will also use other SimCorp products to aid in the consolidation of its operating platform.
The asset manager will use SimCorp Gain for enterprise data management, while SimCorp Coric will serve as its client communications and reporting solution. GAM has said that the transition will be “seamless”.
Peter Sanderson, chief executive at GAM since last year, said: “Reducing complexity remains a priority at GAM and consolidating our front and middle office systems is an important step towards achieving this.”
“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,” he added.
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