AHV Ausgleichsfonds in Geneva has chosen SimCorp Dimension for its front, middle and back office operations. AHV Ausgleichsfonds is the independent compensation fund of AHV, the Swiss Social Security system. The fund manages assets of more than SFr20bn. ‘We are convinced that SimCorp Dimension will support our team of portfolio managers in an efficient and effective way, allowing us to handle more specialised instruments and larger trading volumes in the future,’ said Eric Breval, managing director of AHV Ausgleichsfonds. The contract with AHV Ausgleichfonds adds to SimCorp’s Swiss customer base, which includes SUVA, Swiss National Bank and Swissca Portfolio Management.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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