|By Business Wire||
|July 17, 2014 12:14 PM EDT||
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Notenstein Private Bank, which has assets under management of CHF 20bn, has selected SimCorp Dimension as its new software solution for front- and middle-office operations.
Notenstein Private Bank, which is a subsidiary of Raiffeisen Schweiz, aspires to be among the top three private banks in Switzerland. To expand its institutional business, the banking house has decided to enrich its current system environment with SimCorp Dimension’s state-of-the-art solution.
“Our decision was the result of a comprehensive selection process involving both Swiss and global solution vendors. This process included on-site due diligence at other asset managers,” explains Andreas Knörzer, Head of Asset Management at Notenstein Private Bank. “By choosing SimCorp Dimension we have set the foundation for the planned growth and expansion of our client services.”
“The increasing demands and growing competition in the asset management industry dramatically increases the need for a powerful front-office solution,” adds Frank Häusgen, Senior Sales and Account Manager at SimCorp, who is responsible for new business development in Switzerland. “SimCorp Dimension is a robust solution that combines portfolio management capabilities including trading and compliance with performance and risk measurement – it seamlessly integrates front- to back-office processing on a single platform. Additionally the flexibility of our solution allows specific setups for various sizes of institution and gives our clients confidence in a future-proof solution that keeps pace with regulatory changes.”
Company profile Notenstein Private Bank Ltd
Notenstein Private Bank Ltd specializes in asset management for private and institutional clients. The St. Gallen-based private bank has 12 branches throughout Switzerland, employs around 700 staff and manages client assets of CHF 20 billion. Notenstein Private Bank is a subsidiary of Raiffeisen Switzerland. Further information is available at www.notenstein.ch.
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. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.