SimCorp, a leading financial technology company, has reached a significant milestone today with the successful implementation of a new front-office solution for Ampega, a German asset manager and investment fund provider with over EUR 180 billion in total assets under management.
By leveraging SimCorp’s front-to-back solution, SimCorp One, Ampega has streamlined its system landscape and reduced the total cost of ownership. The implementation was executed in phases, ensuring a smooth transition without disrupting ongoing business. The successful implementation was executed within budget and on time.
“Lowering costs, by consolidating systems was a key factor in selecting SimCorp. Our partnership continues to deliver technological innovations and increases our competitiveness in the asset management market through operational excellence and business process rationalization,” said Dr. Dirk Erdmann, Managing Director of Ampega Asset Management GmbH and Ampega Investment GmbH. “By implementing SimCorp’s front-office capabilities, we have addressed numerous challenges, improved processes and enhanced data governance for faster and better decision making.”
Ampega, the asset manager for Talanx Group, has been a SimCorp client for 20 years, primarily utilizing middle and back-office capabilities. Recognizing the potential for further efficiency gains, Ampega decided to rationalize their systems and partner with SimCorp for a complete front-to-back implementation project. The main focus was to bring all core functionalities into just one system, allowing Ampega to maximize the benefits of the SimCorp One platform.
SimCorp’s multi-asset IBOR connects data across front, middle, and back-office functions in one place, with real-time, consolidated data on positions, trades, and cash flows. Comprehensive risk management tools are integrated seamlessly into the front-office solution, providing real-to-time analytics across asset classes and better supporting investment decisions.
“We are proud to support Ampega’s business goals. The excellent collaboration between our teams has led to another successful, on-time and on-budget implementation,” said Ralf Schmücker, Managing Director, EMEA, SimCorp. “SimCorp and Ampega continue to collaborate on consolidating and streamlining their system landscape, reducing costs, and enhancing efficiency. This project has further strengthened our partnership.”