Skandia Life Insurance has selected SimCorp's investment management solution TMS2000 for its asset management operations.
TMS2000 will link together front, middle and back office operations, allowing the company to automatically process all financial transactions related to portfolio management mandates outsourced to external portfolio managers.
The package will be operational with 20 users in the first half of 2003.
Skandia Life Insurance has acquired an option to extend the installation with additional functionality for further automation of data management and back office routines.