SimCorp announces that it has signed a 5-year subscription license agreement with the Texas Treasury Safekeeping Trust Company. The Trust Company, which is focused on preserving and growing the State of Texas’ financial resources, currently manages assets in excess of USD 50 billion.
The firm has selected SimCorp’s investment management solution, SimCorp Dimension, for its investment operations, including cash and securities management, client management, collateral management, corporate actions, fund administration, general ledger, investment accounting, settlement processing, and trade management.
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
James Corrigan, Managing Director, SimCorp North America (+1 212 994 9401)
Company Announcement no. 02/2016