Exane signs for Simcorp Dimension investment management platform
Simcorp is implementing its flagship investment management system, Simcorp Dimension, at Exane to support its middle and back office ops for listed and OTC derivatives.
Paris-based Exane is an independent investment firm that focuses on asset management, derivatives and brokerage in cash equities.
Exane has been running a number of disparate systems and decided to replace it with a single integrated solution, says Simcorp.
“After a rigorous selection process including a thorough proof of concept, Simcorp Dimension stood out as the solution best suited to support Exane’s current and future business needs and strategy,” the vendor states.
Benoît Catherine, deputy CEO of Exane, compliments the system’s “extensive functional scope, especially in the derivatives area” and its “proven ability to automate middle and back office processes”.
The first phase of the project – focused on derivatives – kicks off in June. Other business lines will be added at a later stage.