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New South Wales Treasury Corporation (TCorp) Chooses SimCorp Dimension Investment Management System

  • 18 March, 2004 10:41

<p>Sydney, March 18, 2004—SimCorp, a leading supplier of software for the financial sector, announced today that New South Wales Treasury Corporation (TCorp), has selected SimCorp Dimension as the portfolio management system for its internally managed fixed income client portfolios. TCorp is the central financing authority for the New South Wales public sector, as well as managing debt and asset portfolios on behalf of its public sector clients.</p>
<p>SimCorp Dimension will be used for pricing, valuation, settlement and compliance functions for the asset management business and will replace a suite of in-house systems. TCorp chose SimCorp Dimension following a request for expressions of interest and after running pilots with the short-listed vendors.</p>
<p>Stephen Knight, TCorp General Manager Treasury and Deputy Chief Executive, said: "TCorp chose SimCorp Dimension because it best met the functionality we needed to manage our growing asset management business."</p>
<p>TCorp will implement SimCorp Dimension over the balance of 2004.</p>
<p>ends</p>
<p>About SimCorp
SimCorp is a leading international supplier of highly specialised software and financial knowledge for the global financial services sector and treasury departments within industrial companies. SimCorp has designed and developed its software in close collaboration with international financial services groups for more than 30 years. Its customers include international banks, insurance companies and investment managers. Headquartered and listed in Copenhagen (SIM.CO), SimCorp employs more than 550 staff in international and regional financial centres across Asia Pacific, Europe and North America.</p>
<p>For further information:
Bruce Wood
Managing Director
SimCorp Asia
Tel: (02) 9241 4222
Email: Bruce.R.Wood@Simcorp.com</p>
<p>Lachie Hill
Public Relations
Lachie Hill Communications
Tel: (02) 9953 5629
Email: lachieh@bigpond.net.au</p>

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