Genesis enhances front office operations with SimCorp Dimension

SimCorp A/S 

10.01.2012 10:59
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Genesis Investment Management, a leader in emerging markets equities for
institutional investors, has gone live with the new SimCorp Dimension front
office suite. The new functionality supports the firm's order construction,
pre-trade compliance, dealing and order execution through both telephone and
FIX and has significantly enhanced the efficiency of its front office
operation. 

Originally, Genesis implemented SimCorp Dimension in 2007 to handle its
dealing, compliance, settlement and accounting functions, replacing a number of
systems including a proprietary order management system and an accounting
package. As a seamless processing system, SimCorp Dimension has provided a
backbone to Genesis's investment management operation, significantly automating
the process and increasing efficiency. 

'It has allowed us to support the growth in assets under management and the
volume of transactions, while reducing our operating costs,' explains Martyn
Ryan, chief operating officer and partner in Genesis Investment Management.
'Furthermore, because of the system's compliance functionality, we have also
been able to deal with an increasingly diverse range of clients and investment
prescriptions so now support a much wider range of clients.' 

In recent years, SimCorp has focussed significant development efforts on
SimCorp Dimension's front office capabilities and has greatly enhanced the
usability and functionality of the system in this area. Adopting the new front
office modules was a logical step for Genesis, says Ryan: 'There have been
significant improvements in this area of the system. It is more user-friendly,
more intuitive and easier to understand. Our compliance team, for example, can
look directly at individual rules and see how they are constructed much more
easily. Everything for them is in plain English and uploading data is very
straight forward so the risk of error is reduced. It is similar in the dealing
area of the order management suite.' 

Pre-trade compliance is worthy of particular note for Genesis. The process is
now highly automated with minimum human intervention. This has increased the
speed of the process and improved the accuracy. Combined with the better data
management that is inherent in SimCorp Dimension, it has resulted in greater
efficiency in the overall order management process, which in turn enables the
dealing desk to devote more time to non-routine activities. 

Genesis's new front office went live in the fourth quarter of 2011 and the take
off was very smooth without any disruption to the firm's business. 'It honestly
couldn't have gone better,' says Ryan. 

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Enquiries regarding the announcement should be addressed to:
John Mayr, SimCorp Ltd, +44 2072 60 1903/ +44 0788 751 8354.

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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, 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.
News Source: NASDAQ OMX



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Language:     English
Company:      SimCorp A/S
              
               
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