Schroders goes live with SimCorp Dimension in Asia Pacific

The system, which has been live since 6 July 2009, covers over 800 portfolios in Singapore, Hong Kong, Indonesia and Japan and processes more than 20,000 transactions a month.  

SimCorp Dimension replaces a 12-year old incumbent system and a number of in-house settlement applications at Schroders Singapore, which is the processing centre for Asia Pacific. The decision to replace the existing legacy portfolio solution with SimCorp Dimension followed its successful implementation at Schroders UK as a key component of the firm’s Global Target Operating Model, which is designed to support business change such as acquisition with minimum disruption.

Lilian Tham, Chief Operating Officer of Schroders Singapore, describes the implementation of the SimCorp system as a very ambitious project: a major high-quality implementation that was both on time and within budget.

“This gives us the foundation to extend our capability in Singapore further across the region,” Ms Tham says. “The next phase is to bring Australia into the fold; this would not have been possible without SimCorp Dimension.”

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Enquiries regarding this announcement should be addressed to:      
Nick Quin, Regional Sales Director, Asia-Pacific, (+61 2 9241 4222)

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SimCorp
SimCorp is a leading provider of highly specialised software and know-how for the financial sector. Established in 1971, with approximately 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. The SimCorp system, SimCorp Dimension, is sold, implemented and supported by the head office in Copenhagen and subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, Los Angeles, Munich, New York, Oslo, Paris, Stockholm, Sydney, Toronto, Vienna and Zurich.