SimCorp announces that it has signed a license agreement with Lord Abbett, a privately held firm which has been managing equity and fixed-income products for over 80 years.
Lord Abbett has selected SimCorp’s investment management solution, to support the firm’s value creation strategy, that is focussed on offering clients a diversified range of products and superior service.
With assets under management in excess of USD 130 billion, Lord Abbett will use SimCorp Dimension for centralized position-keeping, investment accounting, performance measurement, corporate actions and reconciliation.
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Enquiries regarding this announcement should be addressed to:
David Kubersky, Managing Director, SimCorp North America: +1 212 994 9401
Klaus Holse, Chief Executive Officer, SimCorp A/S: +45 35 44 88 02
Company Announcement no. 38/2013