Munich Re's Asset Management Arm Selects SimCorp

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Munich Ergo Asset Management GmbH (MEAG), the Bavarian insurance provider's $228 billion asset manager, will install SimCorp Dimension at its home office in Germany, as well as in Hong Kong and New York.

The implementation will feature an array of SimCorp's front-office offerings including compliance manager, asset manager, and order manager components, and was chosen for improved integration of various trading and market data feeds throughout MEAG's business, as well as better consistency of information flow to the back office.

"Our declared goal is to expand the use of Dimension to ensure efficient management of our large, internationally diversified investment portfolio. The front-office suite will not only advance our capabilities within the front office, but will also allow for better straight-through processing and automation with the rest of the system," says Claudio-Peter Prutz, MEAG's head of IT and organizational development.

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