The agreement is an addition to SimCorp and Ampega’s strong existing partnership, through which Ampega already utilizes SimCorp’s back- and middle-office suite. Under the new agreement, Ampega will now leverage SimCorp’s front-office solutions, including portfolio management, order and trade processing. The expansion also includes SimCorp’s solutions for the valuation of trading products, compliance and market risk including Solvency II. The implementation benefits the strong data foundation for a broad range of asset classes including alternative investments and the support of ESG data.
Having SimCorp’s full front-to-back solution in place provides Ampega with the optimal foundation for future growth, supporting a company-wide transformation process in which the firm is focusing on process optimization, digitalization, and system consolidation in order to combat data and reporting challenges and optimize costs.
“We are very proud to expand our agreement with Ampega Asset Management with the addition of SimCorp’s front-office and risk solutions,” comments SimCorp CEO Christian Kromann. “With the integration of these additional solutions, Ampega will benefit from a fully-integrated, up-to-date overview across all asset classes by utilizing one source of truth for the portfolios they manage. We are delighted to build on our proven partnership and close collaboration with Ampega and further empower their digitalization journey through this project.”
Dirk Erdmann, Ampega COO, adds: “By reducing our system complexity, we strongly believe that Ampega can significantly increase operational efficiency while maintaining the high standards in portfolio management and risk analytics. We are looking forward to working together with SimCorp on this project to jointly build a future-proof IT landscape.”
With the integration of SimCorp’s front-office and risk products, Ampega joins a growing number of asset management firms opting for full front-to-back solutions in order to digitalize and modernize their processes and system landscapes. The project is intended to span the next two years.
SimCorp offers industry-leading, front-to-back investment management solutions.
Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed.
With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.
As one of the largest bank-independent asset management groups, Ampega manages the investments of the Talanx group and is an experienced solution provider for third party retail and institutional investors. Ampega manages capital market and real estate assets of approximately € 162,5 bn (as of September 30, 2022).
Talanx is the third largest insurance group in Germany by premium income and one of the largest European insurance groups. The Hannover-based company is active in more than 175 countries.
For more information, please visit www.ampega.com
SimCorp: Tobias Brun-Falkencrone: +45 29 38 13 84 - [email protected]
Ampega: Klaus Schumacher: +49 221 790799 624 - [email protected]