Crédit Mutuel Asset Management optimizes front-middle office with SimCorp Dimension and SimCorp Coric

SimCorp, an independent provider of SaaS investment management solutions and trusted partner to the global buy side, today announces Crédit Mutuel Asset Management has selected SimCorp as its partner, to optimize and transform its front and middle office operations.

Uk    France

Crédit Mutuel Asset Management will be leveraging SimCorp’s multi-asset investment management platform, SimCorp Dimension, and its automated client communications platform, SimCorp Coric. The selection comes as part of a strategic decision to work with a trusted partner and consolidate operations to a future-fit model.

One of the leading asset managers in France, Crédit Mutuel Asset Management has grown rapidly in recent years. To keep pace within a competitive market, the need to optimize portfolio management operations and secure future growth was identified as a significant component. Key to this was a long-term partnership that could deliver the future foundation with scalable, agile and simplified operations. Additionally a new client communications tool was sought as a replacement, to respond to ever-growing client needs, with improved reporting capabilities.

SimCorp’s front-to-back platform, will be used as the Portfolio Management System (PMS) and Order Management System (OMS), together with support across pre- and post-trade compliance, collateral management, corporate actions, performance and regulatory reporting. The platform will empower the firm with exhaustive multi-asset instrument coverage, while its integrated Investment Book of Record (IBOR) will provide one source of investment truth across the business, ensuring full control and governance of the underlying data. SimCorp Coric will serve as a flexible enterprise-wide hub for fast and accurate client reporting and communication.

Hans Otto Engkilde, Executive Vice President and Managing Director, SimCorp EMEA comments: “It is with great pleasure that we welcome Crédit Mutuel Asset Management as our latest client partnership. Their selection of SimCorp demonstrates our strong market presence in France. The combination of a consolidated investment management platform, together with strong client communications capabilities, arms Crédit Mutuel Asset Management with a powerful response to competitive and regulatory drivers in the market. While the delivery of a superior client experience, will no doubt create competitive differentiation. We look forward to the journey ahead and to delivering flexible operations that will support the business outcomes and growth, the firm desires.”

Christophe Vacca Goya, Deputy CEO, Crédit Mutuel Asset Management comments: “We are pleased to partner with SimCorp, as we transform and automate our front and middle office operations. In our thorough process, it was clear that SimCorp was the best provider in the market to offer a fully integrated solution that not only met out current needs but also enabled pour business to scale for future growth. Key to the selection was the need for a strong and collaborative partner that could support on both the operational level and the business level, to address current challenges and back our long-term ambition.”

Enquiries regarding this announcement should be addressed to:

Tobias Brun-Falkencrone, Head of Branding and Comms, SimCorp +45 35448800
[email protected]

About SimCorp

SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain, and SimCorp Sofia form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 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, with regional offices across EMEA, North America, and Asia Pacific.

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