Canada Pension Plan Investment Board Goes Live with SimCorp to Support Growth

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The Canada Pension Plan Investment Board (CPPIB), a Toronto-based professional investment management organisation with $129.7 billion in assets under management, has gone live with SimCorp Dimension to support the growth of CPPIB’s investment programmes. CPPIB is using SimCorp’s flagship product to improve scalability, control and automation in its investment operations and performance measurement.

CPPIB previously outsourced investment operations and performance activities to a third party organisation. CPPIB wanted to internalise its portfolio recordkeeping, accounting and performance measurement functions. They selected SimCorp Dimension because it is robust enough to support the breadth of CPPIB’s complex operational processes, while also providing the scalability needed to meet the needs of its existing, new and growing investment programmes. CPPIB recognised that SimCorp had the foundation to introduce an integrated platform for end-to-end investment management, minimising integration complexity and simplifying operational workflow.

“What stood out to us immediately was the level of integration between investment operations and performance processes that SimCorp Dimension provides,” comments Benita Warmbold, Senior Vice President and Chief Operations Officer at CPPIB. “SimCorp is helping us to scale our investment and operational processes to support the growing fund, and tailor our processes to achieve the stability needed to support our long-term investment horizon.”

CPPIB is utilising SimCorp Dimension to support the firm’s investment operations in the areas of portfolio accounting, treasury and performance measurement. SimCorp supported CPPIB throughout the implementation process to ensure minimal disruption to the company’s day-to-day operations.

David Kubersky, Managing Director of SimCorp North America, notes, “We’re pleased to be supporting CPPIB. As we strengthen our presence in Canada, we are very pleased to partner with an organisation with the calibre of CPPIB, one of Canada’s largest institutional investors. The investment management industry is committing to growth and firms like CPPIB are a true reflection of that commitment in their pursuit for the best enterprise software solutions to support growth and value creation.”

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Enquiries regarding this announcement should be addressed to: Susan Peter, SimCorp North America (+ 1.917.546.4654)

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SimCorp
SimCorp is a leading provider of highly specialised software and expertise for the investment industry. Established in 1971, with more than 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp enables global investment management organisations to mitigate risk, reduce cost and enable growth through development and implementation of its integrated and market-leading financial software solution SimCorp Dimension. SimCorp is headquartered in Copenhagen with subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles, Luxemburg, Munich, New York, Oslo, Paris, Singapore, Stockholm, Sydney, Toronto, Vienna, and Zurich. For more information, visit www.simcorp.com

CPPIB
The CPP Investment Board is a professional investment management organisation that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2010, the CPP Fund totaled $129.7 billion. For more information about the CPP Investment Board, please visit www.cppib.ca