ADIA AWARDED BEST TRANSFORMATION AT SIMCORP GLOBAL CLIENT CONFERENCE

The award, now in its 12th year, recognizes the company’s ability to transform and innovate in the areas of technology and operations to support broader business goals. Specifically, ADIA has undertaken measures to future proof its operating model, ultimately supporting the fund’s ability to meet its objectives.

These steps have included:

• Building cloud enabled infrastructure and services to help scale and secure investment operations
• Augmenting the firm’s data management operations with expert advisory services to ensure high quality data
• Expanding and consolidating business processes and asset classes onto one core platform.

Mohamed Darwish Al-Khoori, Executive Director, Information Technology Department, at ADIA, commented: “This award recognizes the hard work and dedication that the teams from ADIA and SimCorp have shown during the course of this project, which has delivered numerous benefits to ADIA’s operating model. The investment landscape is evolving at a rapid rate and, in order to sustain success in this dynamic environment, ADIA will continue to pursue initiatives to increase operational agility and efficiency.”

Christian Kromann, CEO, SimCorp, said: “ADIA is a well-deserved recipient of this award for clear demonstration of their achievements and operational excellence. SimCorp knows as well as anyone that undergoing any transformation amid continued market disruption takes enormous resiliency. We applaud the passion the team has shown in delivering their transformation and look forward to continued success in the coming years.”

Dhaen Al Hameli, Executive Director of the Core Portfolio Department at ADIA accepted the Best Transformation award in Nice.

About SimCorp

SimCorp offers industry-leading, integrated investment management solutions. Our platform and ecosystem, comprising partners, services, and third-party connectivity empower us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed.

With 25 offices around the world and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.