Marathon, an independent London-based investment manager, with £52 billion in assets under management, identified a requirement to replace outdated legacy reporting technology with a modern, work-flow driven and scalable client communications solution. Following a comprehensive review, SimCorp Coric was selected as the optimal platform to provide timely, high-quality reports meeting current business requirements. The implementation will also include Coric’s advanced web and mobile functionality, Web Reporter, allowing the flexibility and agility to respond to investors’ future demands.
Marathon will deploy SimCorp Coric as an on-premise solution, which will be delivered in two iterations, with the project commencing in June 2016.
The first phase will include the deployment of SimCorp Coric to fully automate Marathon’s client reporting processes, enabling efficient and cost-effective production of the firm’s bespoke client presentations and quarterly institutional client investment reports. SimCorp Coric will empower Marathon’s client services team to create and modify high-quality reports for recipients without additional investment in IT support.
In the second phase Marathon will deploy SimCorp Coric’s Web Reporter – a self-service online reporting portal that will provide a customized online user experience and further enrich Marathon’s client servicing capabilities.
Nick Hughes, Chief Operating Officer at Marathon, commented: “SimCorp Coric provides us with an automated, scalable and cost-effective platform to deliver a more efficient and enhanced level of client service. Further to the efficiencies we will derive from automation, SimCorp Coric’s Web Reporter will provide us with online client communications capabilities that will enable us to stay ahead of our clients’ reporting needs.”
Stuart Keeler, Managing Director of SimCorp Coric, said: “We are delighted that Marathon Asset Management has chosen SimCorp Coric to replace its incumbent legacy client reporting solution. Marathon’s choice to implement Coric’s Web Reporter follows a growing trend among institutional asset managers to future-proof their client serving capabilities through improvements to their online report generation tools.”
Enquiries regarding this announcement should be addressed to:
Indre Dudulyte, Greentarget, +44 207 250 6995
Anders Crillesen, SimCorp Corporate Communications, +45 2779 1286
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.About Marathon Asset Management LLP
Marathon was founded in 1986 as an equity-only investment manager for institutional investors. A small investment team applies Marathon’s distinctive investment philosophy within an environment free from committee based decision making. The structure fosters independent investment thought and results in portfolios with diversified, yet strong views that are designed to deliver long-term outperformance. Marathon’s focus on delivering superior investment returns, rather than asset accumulation, is facilitated by owner management and reinforced by a strong preference for performance based fees.