3 Banken-Generali Investment extends SimCorp Dimension into front office.
The 3 Banken-Generali Investment-Gesellschaft mbH, the common fund subsidiary of the 3 Banken group and the Generali Holding Vienna, extends its current SimCorp Dimension installation to also include the three front office tools; the Asset Manager, the Order Manager and the Compliance Manager.
The 3 Banken-Generali Investment together with Oberbank AG Linz, which is part of the 3 Banken group, selected SimCorp Dimension in 2008. Oberbank AG is the depository bank of 3 Banken-Generali Investment and uses SimCorp Dimension in the areas of fund administration, IFRS and compliance.
At 3 Banken-Generali Investment, SimCorp Dimension was initially implemented to support the bank in the areas of risk management and performance attribution.
"The breadth of functionality and the high quality of SimCorp’s implementation services were the key drivers behind our decision to expand the use of SimCorp Dimension to the front office,” commented Dietmar Baumgartner, manager of the 3 Banken-Generali Investment.
"We are delighted that a leading asset manager like 3 Banken-Generali Investment, has decided to expand their use of SimCorp Dimension to automate front office processes," said Anton Karl Ertl, head of SimCorp’s activities in Austria. “3 Banken-Generali Investment’s vote of confidence in SimCorp is a testimony to the value we offer to asset managers seeking a robust investment management platform to support their growth and value creation strategies.”