WAVE Management AG chooses SimCorp Dimension

WAVE Management AG, the asset management unit of the German VHV insurance group with over EUR 14bn in assets under management, has chosen SimCorp Dimension as its future investment management system.

The Hannover-based company will be using SimCorp Dimension in the areas of portfolio management, compliance, risk management and performance measurement. In addition, the data needed to comply with Solvency II will be delivered by the system. SimCorp Dimension will be used for WAVE Management AG’s entire book of records and will enable look-through into underlying securities of externally managed funds so that the firm will know its total exposure.

WAVE Management AG expects the number of manual processes to be reduced significantly: “We will be relying on SimCorp Dimension as the market-leading software of an established and reliable provider,” explains Dr. Lars Rothe, WAVE Management AG’s board member responsible for the project. “The first objective of the SimCorp Dimension implementation is to professionalise further our asset management processes. As an integrated solution and with its high degree of automation, we expect SimCorp Dimension to help us achieve valuable efficiency gains.”

“Today’s insurance companies have extensive system requirements within front and middle office,” says Dr. Ralf Schmücker, managing director and head of sales and product management at SimCorp Central Europe. “To comply with new and forthcoming regulation – and to stay ahead of industry competition – companies need an advanced and up-to-date investment management system. We are happy to see that VHV insurance group regards SimCorp Dimension as the best solution to meet these requirements.”

This press release expands upon agreement between SimCorp and WAVE Management AG that was entered into in late 2011.

Enquiries regarding this announcement should be addressed to:          
Oliver Widmann, Marketing Manager, SimCorp GmbH, (+49 6172 9240535/+49 175 7214055)

WAVE Management AG

WAVE Management AG is the asset manager of the VHV insurance group and was founded in 2000 in Hamburg. As an authorised financial services institution, WAVE advises institutional clients on all aspects of asset management, from strategic asset allocation to investment and risk reporting. At the same time WAVE is responsible for managing mutual and institutional funds. Support for the reinvestment of matured life insurances and other liquid assets is at the heart of the retail business. In addition, WAVE currently manages private investor funds, such as WAVE Total Return Fund R. At the end of 2011, its assets under management were over €14 bn.


Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.