Well-established, German private bank M.M.Warburg & CO KGaA, with more than €35bn assets under management, has selected SimCorp Dimension as its future investment management solution. SimCorp Dimension will be used as the strategic platform for M.M.Warburg & CO’s asset management and depositary banking services.SimCorp Dimension, which seamlessly integrates the whole investment management process, will be applied at M.M.Warburg & CO in Germany and Luxembourg, covering the entire value chain including portfolio management, compliance and fund administration. Among other reasons for selecting SimCorp Dimension was the inherent flexibility of the software that allows easy adaption of different business needs and across various geographical locations.
"We are proud to include M.M.Warburg & CO and its subsidiaries to our prestigious client list and we look forward to our partnership," says Dr. Ralf Schmücker, managing director of SimCorp Central Europe and responsible for sales and product management. "We continually invest in the further development of SimCorp Dimension and we are confident that we can offer our clients the needed future-proof solution."
This press release expands upon company announcement 14/2011, sent to NASDAQ OMX on 16 November 2011.