SimCorp, a provider of investment management solutions and services for the global financial services industry, says that Exane has selected SimCorp Dimension to support its middle and back-office operations for listed and OTC (over-the-counter) derivatives.
Paris-based Exane is an independent investment firm with three main lines of business: brokerage in cash equities, derivatives, and asset management. It decided to replace its technology platform, at the time consisting of a number of disparate systems, with one single integrated solution. After a rigorous selection process including a thorough Proof of Concept, SimCorp Dimension stood out as the solution best suited to support Exane’s current and future business needs and strategy.
The firm’s deputy chief executive officer Benoît Catherine said: “We have selected SimCorp Dimension for its extensive functional scope, especially in the derivatives area, as well as its proven ability to automate middle and back-office processes. The implementation of SimCorp Dimension will enable us to scale for growth and to serve our clients even better. The first phase of the project will start in June 2016 and is expected to be extended to other business lines in the future.”