SimCorp completes contract negotiations with North American bank

Referring to SimCorp Company Announcement no 24 of 3 August 2012, SimCorp announces that it has now successfully concluded the scoping and definition of services referenced to therein. All conditions for the contract have now been fulfilled, making the contract final and binding between the two parties.

The North American bank, with assets under management in excess of $100 billion, will use SimCorp’s investment management solution, SimCorp Dimension for investment accounting, fund accounting, performance measurement, reconciliation and risk management.

Enquiries regarding this announcement should be addressed to:
David Kubersky, Managing Director, SimCorp North America (+1 212 994 9401) or
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)


Company Announcement no. 40