Top-tier American asset manager spearheads growth strategy with increased
automation and reduced time-to-market for new products.
SimCorp announced today that American Century Investments, a leading asset
management firm, has gone live on SimCorp Dimension to support the company's
growth initiatives for its institutional products and international operations.
American Century Investments, which is headquartered in Kansas City, Missouri,
manages approximately $97 billion in assets for individual and institutional
investors.
American Century Investments selected SimCorp to support the company's strategy
to grow and expand the firm's international and institutional business, which
was implemented to help the company diversify and avoid unnecessary volatility
in assets under management. The firm, which was replacing a legacy system, was
looking for a solution that would offer the ability to add new products quickly
and in a way that would mitigate operational risk. SimCorp Dimension was
selected for its fully integrated, scalable system and flexible modular design.
“American Century Investments has made strategic choices over the past few
years, designed to position the company for growth. One of those key decisions
was choosing to partner with SimCorp,” remarked Merele May, Senior Vice
President of Investment Operations at American Century Investments. “SimCorp's
key tenets of reducing cost, mitigating risk and enabling growth were exactly
in line with where we are aiming to take the company. Having a reliable,
scalable and flexible solution in place helps make the entire investment
process more efficient and creates peace of mind across the organization.”
Benefits realized since American Century Investments went live with SimCorp
Dimension include greater ease of use by accountants in investigating and
locating vital information, shorter lead times for the average user to fluently
access the system and the ability to value portfolios daily in an automated
fashion. American Century Investments also now has the ability to launch new
products with a considerably reduced lead time and enhanced accounting and
reporting for portfolios denominated in currencies other than US Dollars.
David Kubersky, managing director of SimCorp North America, commented,
“American Century Investments' asset management acumen coupled with the
company's fiscal prudence is exemplary. The firm - which has earned the respect
of ‘Main Street' - is primed for growth, and we are pleased to partner with
American Century Investments to give them the operational support necessary to
continue to expand.”
- - -
Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America (+ 1 917 546 4654)
- - -
SimCorp
SimCorp is a leading provider of highly specialised software and expertise for
the investment industry. SimCorp supports global investment management
organisations in mitigating risk, reducing cost and enabling growth through
development and implementation of its market-leading financial software
solution SimCorp Dimension. Established in 1971, with more than 1,100
employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp is
headquartered in Copenhagen with subsidiaries and branches in Amsterdam,
Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles,
Luxembourg, Munich, New York, Oslo, Paris, Singapore, Stockholm, Sydney,
Toronto, Vienna and Zurich. For more information, visit www.simcorp.com.
American Century Investments
American Century Investments is a leading privately controlled and independent
asset management firm, committed to delivering superior investment performance
and building long-term client relationships. Serving investment professionals,
institutions, corporations and individual investors, American Century
Investments offers a variety of actively managed investment disciplines through
an array of products including mutual funds, institutional separate accounts,
commingled trusts and sub-advisory accounts. The company's 1,300 employees
serve clients from offices in New York; London; Hong Kong; Mountain View,
Calif. and Kansas City, Mo. James E. Stowers Jr. founded the company in 1958
and serves on its board of directors. Jonathan S. Thomas is president and chief
executive officer and Enrique Chang is chief investment officer. Through its
ownership structure, more than 40 percent of American Century Investments'
profits support research to help find cures for genetically-based diseases
including cancer, diabetes and dementia. For more information, visit
www.americancentury.com.