BMO Global Asset Management Realizes Significant Gains with SimCorp IBOR
NEW YORK--(BUSINESS WIRE)--SimCorp, a leading provider of investment management software and services for the global financial services industry, today released an in-depth video describing the benefits BMO Global Asset Management has realized since the firm has been utilizing SimCorp Dimension, as its ‘golden copy’ investment book of record (IBOR).
Watch the video to learn how BMO:
- Has grown the firm’s fund family by 40%
- Is now able to onboard 3-4 SMA clients per week
- Has consistent data feeding all front-to-back systems in near real-time
Todd Healy, Head of Investment Operations at BMO Global Asset Management, comments, “With SimCorp as our IBOR, we are able to analyze client portfolios faster, and share the information expediently amongst our investment analysts, traders, portfolio managers and executives. All of us can read from the same book of record at the same time. This is huge – it allows us to make better investment decisions for our clients. Ultimately the main beneficiaries of the SimCorp IBOR are BMO Global Asset Management’s clients.”
“While many in the industry continue to debate the merits of the IBOR, BMO Asset Management is a step ahead and has substantiated the value of having a single book of record for the firm’s clients,“ notes Klaus Holse, CEO at SimCorp. “The IBOR’s ability to support exposure and performance measurement in near real-time is a key differentiator for institutional asset managers who have to demonstrate the risk controls in place when pitching for new clients. We are pleased that SimCorp was selected to provide our IBOR solution to a world class organization like BMO Global Asset Management.”
To view the full video, please visit here.
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. SimCorp’s world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp’s products, please visit www.simcorp.com/solutions.
About BMO Global Asset Management
BMO Global Asset Management is a global investment manager delivering service excellence from 24 offices in 14 countries to clients across five continents.
Headquartered by four multi-disciplined investment teams based in Toronto, Chicago/Milwaukee, London and Hong Kong, the organization is complemented by a network of world-class boutique managers strategically located across the globe. They include LGM Investments, Monegy, Inc., Pyrford International Ltd., and Taplin, Canida & Habacht, LLC. With operations throughout North America and Europe, and in Abu Dhabi, Mumbai, Beijing, Shanghai, Hong Kong, Melbourne and Sydney, BMO Global Asset Management has been recognized by Pension & Investments as one of the world’s largest 100 asset managers based on combined assets under management as of December 31, 2013 and is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI).
BMO Global Asset Management is a part of BMO Financial Group (NYSE:BMO), a fully diversified financial services organization with C$593 billion total assets and more than 45,500 employees as of January 31, 2014.