SimCorp Dimension to Support BMO Global Asset Management’s Investment Operations in Toronto, Chicago and Milwaukee

SimCorp A/S 

01.02.2012 16:00
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Leading global asset management organisation will consolidate investment
accounting, performance, attribution, cash management, reconciliation and
client reporting on SimCorp Dimension. 

SimCorp, a leading provider of highly specialised software and expertise for
the investment industry, today announced that BMO Global Asset Management has
selected SimCorp Dimension, an integrated software solution that supports the
entire investment management process. 

With assets under management of $90 billion, BMO Global Asset Management is a
multi-asset management business operating within BMO Financial Group. SimCorp
Dimension will support BMO Global Asset Management's operations in Toronto,
Chicago and Milwaukee. 

'We're investing in a system that will help us better serve our clients and
support new product initiatives,' comments Denis Bisson, Vice President of
Business Services at BMO Global Asset Management, in Toronto. 'We are very
excited to have chosen SimCorp as a partner to help us meet our servicing goals
of today and for years to come.' 

After a comprehensive evaluation of investment management platforms, BMO Global
Asset Management selected SimCorp Dimension. 

SimCorp  will deliver tangible business benefits, including:

  -- Support for new product introduction with an enterprise-grade solution that
     can model new instruments quickly
  -- Increased cost and operational efficiency
  -- Automation of manual processes
  -- Increased visibility into performance and risk exposure across three lines
     of business

'We are very excited that SimCorp Dimension will help us drive better cost and
operational efficiencies,' comments Todd Healy, Vice President, Director of
Investment Operations at BMO Global Asset Management in Milwaukee/Chicago.
'With SimCorp Dimension, multiple BMO Global Asset Management entities will be
able to share reference data and infrastructure support costs but at the same
time segregate client data between the different lines of business.' 

'BMO Global Asset Management is a forward-thinking organisation that
understands that solid technology is a critical part of the equation in the
search for alpha,' states David Kubersky, Managing Director for SimCorp North
America. 'We are delighted to welcome BMO Global Asset Management to our
growing community of clients in North America.' 

BMO Global Asset Management includes certain indirectly, wholly-owned
subsidiaries of Bank of Montreal, Canada's fourth largest bank. 

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This press release expands upon the SimCorp Company Announcement 2/2012 sent to
NASDAQ OMX Copenhagen on 1 February 2012. 

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Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America (+ 1 917 546 4654).

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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 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.
News Source: NASDAQ OMX



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Language:     English
Company:      SimCorp A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0016026164
WKN:          
 
End of Announcement                             DGAP News-Service
 
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