Gulf International Bank (UK) has selected SimCorp’s TMS2000 investment management system to support its asset management operations in London.
The SimCorp solution will provide the bank with a single integrated system to support its entire front office operation, for equities, fixed income and hedge funds. The system will also support the middle office including client reporting.
The bank has placed an initial order for a 20 user licence.
David Waite, head of asset management for Gulf International Bank (UK), says: "In our review of the market, we looked at 15 systems. SimCorp’s TMS2000 was the only system capable of providing us with the full instrument coverage that we require."
Implementation is scheduled to take place in the first quarter of 2003.