SimCorp Dimension selected by Novo Holdings A/S

SimCorp has announced that Novo Holdings A/S, a holding and investment company, owned by the Novo Nordisk Foundation, has selected SimCorp Dimension as its new investment management platform across its investment business.

Novo Holdings A/S will use SimCorp Dimension front-to-back to consolidate its system landscape and automate processes across its investment areas, with the aim of achieving a more streamlined and efficient operational setup. SimCorp Dimension’s embedded IBOR (Investment Book of Record) will become Novo Holdings A/S’ central database for investment data in order to further improve its risk management, performance measurement and reporting.

The agreement includes daily support to assist Novo Holdings A/S with the ongoing operation of SimCorp Dimension. As Novo Holdings A/S invests globally, SimCorp’s  global presence has played a role in the selection of SimCorp Dimension.

Hans Otto Engkilde, Managing Director of SimCorp Northern Europe, comments: “I am happy to see that despite our already high penetration in the Nordic market, we continue to attract new clients in the region. The agreement with Novo Holdings A/S is a testament to the fact that the continued investment into our products and services makes us attractive to many types of investment companies. It is a pleasure to welcome Novo Holdings A/S to the SimCorp community.”