Wüstenrot & Württembergische Chooses SimCorp Dimension

German financial services provider Wüstenrot & Württembergische AG (W & W) has selected SimCorp Dimension to manage its investments and bring its reporting to IFRS/IAS standards. W & W aims to consolidate the investment management of its individual group companies to include company-wide parallel bookkeeping and back office reporting with support from Dimension’s IAS39 functionality. Dimension will be a single system replacement for a number of investment management applications currently used in different parts of the group. Although the initial implementation will be geared to back-office processes, further group-wide deployment of SimCorp Dimension functionality is planned, which will benefit the front and middle office, particularly in the areas of risk management and compliance, according to SimCorp.


Related reading

New consumer banking head for Citi Asia Pacific