Reason for winning
Storebrand Asset Management, Norway’s largest private asset manager with EUR 71 billion in assets under management, has completed a strategic consolidation project, with the addition of SimCorp’s front office and fund management solutions.
In 2016, following a successful period of growth, Storebrand Asset Management identified the need for a unified, operational infrastructure, selecting SimCorp Dimension as its core engine. Within the front office, Storebrand’s fixed income, currency and equities teams are now live on SimCorp Dimension, running both active and passive investments across the entire range of financial instruments.
Establishing a single platform from front to back has also delivered the scalability needed for further expansion and growth, such as the recent acquisition of Norwegian active management firm, Skagen, which quadrupled Storebrand Asset Management’s share of the Norwegian private funds savings market from 4 to 17%.