SimCorp, a provider of investment management solutions and services for the financial services industry, has announced that Aegon Asset Management has chosen SimCorp Dimension as the new back office platform for its Netherlands operations.
Aegon Asset Management will use SimCorp Dimension as a position keeping tool to support back office operations by further automating the transaction and accounting processes.
Having conducted a thorough selection process, Aegon Asset Management selected SimCorp Dimension for its ability to meet the company's comprehensive requirements and support its future growth ambitions.
Commenting on the agreement, Wouter Peters, Chief Operating Officer Aegon Asset Management Netherlands, said: "We have chosen SimCorp Dimension as we are fully convinced about its capacity to address our current and future challenges in terms of automation, flexibility and functional coverage."
Hans-Otto Engkilde, Managing Director, SimCorp Netherlands, said: "The agreement with Aegon Asset Management is a testament to SimCorp's strong offering. For global investment managers like Aegon to realize an ambitious strategy while also coping effectively and efficiently with regulatory and market demands, a modern investment management system is a must. We look forward to working with Aegon and to seeing the positive impact state-of-the-art technology will have on the firm's operations and performance."