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SIMCORP AWARD

Storebrand Asset Management Wins SimCorp Award

The SimCorp Award recognizes outstanding investment managers for their ability to meet the challenges of a complex world and their aspirations to do this in one system.

As a result of Storebrand Asset Management’s strategic commitment to consolidation and resulting achievements, it was honored with the SimCorp Award 2018

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%.

“In a relatively short period of time, SimCorp has helped to completely transform our front office and fund platforms, successfully replacing our legacy systems with a far superior and automated platform, across front to back. With a more standardized configuration and centralized architecture, we have not only significantly reduced operational risk and cost of ownership, but equally important, positioned ourselves strongly, as we continue to seek new market and growth opportunities.”

Erik Kaland, COO of Storebrand Asset Management 

“Storebrand Asset Management is a prime example of the challenge faced by many buy side firms, where historical reliance on best-of-breed and legacy technology stand in the way of future business growth. Having realized the operational and strategic benefits of a consolidated model, Storebrand has demonstrated how to take effective action and break away from the status quo of ineffective technology. The achievements they have gained across the investment value chain provide a strong competitive advantage and make Storebrand Asset Management a well-deserved winner of the SimCorp Award 2018.”

Klaus Holse, CEO of SimCorp

Previous winners

2017 CNP Assurance

2016 Unigestion

2015 Ashmore

2014 Asset Management One

2013 DIAM International

2012 Challenger Limited

2011 Dealis Fund Operations

2010 Nordea Savings & Asset Management

2010 Edmond de Rothschild Asset Management

2009 MEAG