German asset manager Ampega has adopted a new front-office solution from SimCorp in a bid to streamline its system landscape and reduced the total cost of ownership. 
The €180 billion asset manage will use the technology to manage its investment portfolios and funds, order and execution, compliance, post-trade processing, market risk and front-office data.
The implementation was executed in phases, ensuring a smooth transition without disrupting ongoing business.
“Lowering costs, by consolidating systems was a key factor in selecting SimCorp. Our partnership continues to deliver technological innovations and increases our competitiveness in the asset management market through operational excellence and business process rationalisation,” said Dr. Dirk Erdmann, managing director of Ampega Asset Management and Ampega Investment.
“By implementing SimCorp’s front-office capabilities, we have addressed numerous challenges, improved processes and enhanced data governance for faster and better decision making.”
Ampega, the asset manager for Talanx Group, has been a SimCorp client for 20 years, primarily utilising middle and back-office capabilities.
In a statement the firm said its main focus was to bring all core functionalities into just one system, allowing Ampega to maximise the benefits of the SimCorp One platform.
SimCorp’s multi-asset IBOR connects data across front-, middle-, and back-office functions in one place, with real-time, consolidated data on positions, trades, and cash flows.
“We are proud to support Ampega’s business goals. The excellent collaboration between our teams has led to another successful, on-time and on-budget implementation,” said Ralf Schmücker, managing director, EMEA, SimCorp. “SimCorp and Ampega continue to collaborate on consolidating and streamlining their system landscape, reducing costs, and enhancing efficiency. This project has further strengthened our partnership.”