SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, today announces that Mawer Investment Management Ltd. (Mawer), with over $67 billion CAD in AUM, has signed an agreement* selecting SimCorp Dimension as its multi-asset, front-to-back, investment management platform. The agreement is the latest in a series of North American front-to-back deals, which see buy-side firms choosing SimCorp’s front office.
For over 45 years, Mawer has provided investment services for institutional and individual clients using their “Be Boring. Make Money®” investment philosophy—an approach that has helped their clients navigate the investing landscape over many economic cycles. By selecting SimCorp’s flagship multi-asset, front-to-back investment management platform as their foundation, Mawer will benefit from sound technology and a flexible, scalable operational infrastructure to support its business objectives.
With one integrated, multi-asset platform through the front, middle and back office, Mawer will simplify its systems landscape and streamline key investment workflows from order execution, portfolio management, compliance and corporate actions, through to settlement. A live view of the firm’s Investment Book of Record (IBOR) and Accounting Book of Record (ABOR), will deliver increased transparency across the business.
Mawer will also benefit from a standardized yet flexible data solution, with SimCorp’s Data Warehouse Manager. With data proliferation on the rise, many firms are facing an uphill challenge in making market and operational data actionable and insightful. Automating data processes throughout the investment lifecycle, together with real-time, position/transaction keeping across all asset types in the front office, provides Mawer with the most optimized data for its investment decision-making.
Colin Zvaniga, Chief Operating Officer, Mawer Investment Management, comments: “We are pleased to select SimCorp as one of our key partners. Having completed a thorough evaluation of the market, we feel their consolidated front-to-back approach is the right choice to support our business objectives. SimCorp’s integrated, single platform will help drive the operational efficiency and resiliency required for future growth.”
James Corrigan, Executive Vice President and Managing Director of SimCorp North America comments: “We welcome Mawer Investment Management, who join a growing number of North American institutions choosing the industry’s first and only truly integrated, front-to-back, multi-asset platform, SimCorp Dimension. As diversification continues to play a significant role in global asset management, consolidating investment operations across multiple asset classes, has now become vital to support business growth. With the market’s leading, fully-integrated, single platform since inception, exhaustive instrument coverage and over 200 successfully implemented global clients, SimCorp’s approach delivers the right model for achieving a robust and scalable multi-asset infrastructure. With one unified source of data empowering the entire investment lifecycle, we are confident that Mawer Investment Management will establish the operational efficiency and long-term sustainability, it seeks to achieve its business outcomes.”
*License agreement signed in Q1 2020, with revenue recognition in Q3 2020
Enquiries regarding this announcement should be addressed to: Mittal Shah, Head of PR, SimCorp +001 (646) 843 1707mittal.shah@simcorp.com
About SimCorp SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com
About Mawer Investment Management Ltd. Mawer is an independent investment firm managing assets for a broad range of foundations and not-for-profits, pension plans, strategic alliances, and individual investors for over 45 years. For more information, please visit www.mawer.com.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
