Wave Management AG, the asset management unit of the German VHV insurance group with over €14bn in assets under management, has chosen SimCorp Dimension as its future investment management system.
The Hannover-based company will be using SimCorp Dimension in the areas of portfolio management, compliance, risk management and performance measurement. In addition, the data needed to comply with Solvency II, a set of EU-wide capital requirements, will be delivered by the system. SimCorp Dimension will be used for Wave Management AG’s entire book of records and will enable look-through into underlying securities of externally managed funds so that the firm will know its total exposure.
Wave Management AG expects the number of manual processes to be reduced significantly. “We will be relying on SimCorp Dimension as the market-leading software of an established and reliable provider,” explains Dr. Lars Rothe, Wave Management AG’s board member responsible for the project. “The first objective of the SimCorp Dimension implementation is to professionalize further our asset management processes. As an integrated solution and with its high degree of automation, we expect SimCorp Dimension to help us achieve valuable efficiency gains,” he said.
SimCorp provides 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.