PGGM in investment management software move
It will use SimCorp Dimension which offers straight-through processing, trading & order management, portfolio management & analytics and risk management.
The product also helps with performance measurement & attribution, cash management and fund administration. Financial terms of the contract were not disclosed.
PGGM joins existing clients such as Danish occupational pension fund administrator Pensionskassernes Administration.
SimCorp’s shareholders include ATP, the Danish Labour Market Supplementary Pension Fund. Industriens Pension board member Carl Christian Aegidius sits on the firm’s board.
A spokeswoman said the software is able to support all aspects of the investment management process - front, middle and back offices – “through a combination of seamless processing, broad instrument coverage and a wide range of tools”.