DIAM International Reduces Risk with SimCorp’s Front-Office Suite

NEW YORK--(BUSINESS WIRE)--DIAM International, the Japanese equities and alternatives specialist asset manager based in London, has gone live with the entire front-office suite of SimCorp Dimension. Marked improvements in the firm’s front-office capabilities have resulted, particularly in higher dealing efficiency, better compliance monitoring and reduced business risk.

“Furthermore, compliance monitoring coverage and speed are much improved. We have reduced our risk profile with regards to client mandates as a result.”

The SimCorp Dimension front-office suite was introduced in 2011 and DIAM International went live in April 2012 with all three of its modules: Asset Manager; Compliance Manager; and Order Manager. “The dealers are delighted with the FIX functionality,” says Jan Weber, DIAM International’s chief operating officer. “Furthermore, compliance monitoring coverage and speed are much improved. We have reduced our risk profile with regards to client mandates as a result.”

A user of SimCorp Dimension for over five years, DIAM International had three key requirements for its new front-office suite. As well as FIX and compliance improvements, the firm wanted to retain as simple a system architecture as possible throughout the business. “We wanted the same platform as we use for our back-office,” says Weber. “From our point of view, a front-to-back solution makes much more sense than incurring the difficulty and extra manpower of knitting together different solutions. SimCorp Dimension’s front-office solution provides the advantage of integrated data management with the back-office.”

SimCorp Ltd.’s sales and marketing director, Cath Rawcliffe, is likewise very satisfied with the DIAM International deployment: “SimCorp Dimension’s front-office solution has been licensed, in whole or in part, by over 30 firms to date. This latest successful implementation shows that not only does the suite offer excellent functionality but also, most importantly, it allows firms to provide their clients with superior service, which is an essential edge in the current environment.”

About DIAM:

DIAM is a global asset management company with $121 bn (June 2012) of assets under management and is wholly owned by major financial and insurance institutions - Mizuho Financial Group and Dai-ichi Life Insurance Company Ltd. The company operates quite autonomously with its own board of directors, reporting to its shareholders. We can trace our roots back to 1902. The head office is based in Tokyo and we have subsidiary asset management offices in London, New York, Singapore and Hong Kong.

DIAM International is the London based fund management business of the DIAM Group and we have been serving institutional clients in the UK, Europe and the Middle East for over 25 years. We offer a strong range of passive, quantitative and active equity strategies and global and specialist fixed income strategies. More recently we have been in discussion with our clients offering tailored alternative solutions addressing, for instance, the need for reducing the downside volatility in markets.

About SimCorp:

Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.