Exane Group Now Live on SimCorp Dimension for Derivatives Business and Ellipsis Asset Management
January 14, 2019 at 01:30 pm IST
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SimCorp announced that Exane Group and Ellipsis Asset Management (an entity within the group’s asset management arm), have successfully implemented and are now live with SimCorp Dimension. Forming a core system in both entities, SimCorp Dimension will be used for the middle and back office management of listed derivatives and OTC at Exane Derivatives, and in the front and middle office operations at Ellipsis Asset Management. Ellipsis Asset Management is the latest to join over 140 clients worldwide using SimCorp’s front office solutions, from asset managers to pension funds, insurance and banking, as the trend for operational consolidation continues. Based in Paris, Exane Group is an independent investment firm with three successful lines of business (cash equities, derivatives and asset management), spread over a diversified European and global client base. Primed for growth, the firm chose SimCorp Dimension to integrate core investment workflows, in order to scale the business and replace its fragmented and costly IT architecture. The implementation, delivered on time and on budget, is now live in both Exane Derivatives and one of the group’s asset management entities, Ellipsis AM, where SimCorp Dimension plays an essential role in front and middle operations, replacing best of breed front office solutions. With an esteemed track record in active management, specializing in convertible bonds, credit funds and equity overlay, and standing at EUR 2.3 billion AUM, Ellipsis AM is a notable yet nimble player in European bond fund management. The go live has helped the business to increase its agility, with SimCorp Dimension replacing duplicitous systems, streamlining the firm’s architecture and its communication with custodians and fund administrators. The firm utilizes SimCorp Dimension modules in the front and middle office, from Order Manager (OMS), Asset Manager (portfolio management) and Compliance Manager, to Corporate Actions.
SimCorp A/S is a Denmark-based company engaged in the development and marketing of software solutions to the financial industry. The Companyâs product, SimCorp Dimension, is a customizable, modular investment management software solution for professional investment managers, which supports all elements of the investment management process. It includes Asset Manager, Client Manager, Data Warehouse Manager, Order Manager and Settlement Manager, among others. Additionally, the Company provides services such as business consulting, implementation, and maintenance. Its clients include asset and fund managers, insurance companies, pension funds, mutual funds, banks and mortgage lenders, among others. SimCorp A/S is a parent entity of the SimCorp Group. It operates through numerous subsidiaries, in geographical segments such as Nordic region, Central Europe, the United Kingdom and Ireland, Benelux and France, Middle East, the Asia Pacific region, and North America.