Alberta Investment Management Corporation Goes Live With SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Alberta Investment Management Corporation (AIMCo), one of Canada’s largest investment management firms, has gone live with SimCorp Dimension.

As one of Canada’s most diversified institutional investment fund managers with a portfolio of approximately $70 billion, AIMCo was seeking an investment management solution that would improve scalability, control and automation across all positions and securities. AIMCo selected SimCorp Dimension which automates daily investment workflows eliminating manual processing.

“AIMCo will use SimCorp Dimension as part of its integrated investment platform to allow for a more accurate ‘data-driven’ approach to investment decision-making,” notes Leo de Bever, AIMCo’s CEO. “This allows AIMCo to further develop global investment strategies for the pensions, endowments and government funds we manage.”

“Pension and endowments today are no longer investing within the confines of the basic asset classes that so many legacy technology platforms were built to process,” explains David Kubersky, Managing Director at SimCorp, North America. “Additionally, increased regulatory pressure continues to make detailed reporting and validation necessary functions of an investment management solution. AIMCo understands the importance of having a solution that is scalable and automated, and also offers a consolidated view of all position data. We are thrilled to be working with AIMCo and look forward to seeing the positive impacts that state-of-the-art technology will have on the firm’s performance and operations.

AIMCo manages funds for a diverse group of Alberta public sector clients including public sector pension funds, endowment funds and government mandated funds. SimCorp Dimension has been deployed across AIMCo’s Canadian operations in support of the firm’s sophisticated investment programs.

About SimCorp

Since 1971, SimCorp has been providing investment and portfolio management solutions 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. For more information about SimCorp’s products, please visit www.simcorp.com/product.

Copyright Business Wire 2010

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