Independent specialist asset manager, Unigestion, has completed its migration from on-premise to a cloud-based model, on SimCorp Dimension.
Unigestion’s migration addresses the operational burden faced by many buy-side institutions, as they seek more flexibility, scalability and elasticity within their investment operations.
Unigestion is the first client to migrate from on-premise to SimCorp’s delivery model, chosen by 20 buy-side institutions around the world. The asset manager will now more efficiently consume and manage SimCorp Dimension, with access to a suite of SimCorp managed services, via cloud technology. The implementation sees Unigestion utilise the full service stack of SimCorp Dimension.
SimCorp’s cloud-based solution builds on its established low TCO and support of the entire front-to-back investment process, in a single source, to maximise value and rationalise the operations of its clients. As a result, Unigestion will no longer need to dedicate resources to the maintenance of hardware and software pertaining to SimCorp Dimension, the provision of updates or the technical administration of new asset classes, leaving it to focus on its core business. Additionally, new services such as SimCorp’s regulatory solutions can be provided instantaneously.
With a history of innovation, including pioneering investments in alternatives like private equity, Unigestion, has continuously strived to strengthen its investment capabilities. This drive, together with its established and trusted partnership with SimCorp led to the development of an investment solution that would enable it to outsource the technical management of its operations. The ambition included an even higher degree of automation than currently achieved and greater synergies in server operation, as well as a client interface that enables SimCorp to swiftly service and monitor SimCorp Dimension.
Cedric Le Moan (pictured), Chief Operation Officer at Unigestion, says: "Our goal was to outsource a part of the technology infrastructure to an ‘as-a-service’ model. We were already very satisfied with the performance and efficiency of SimCorp Dimension in-house and knew we could expect the same consistent high quality once we transitioned to the new service model. SimCorp and Unigestion’s teams demonstrated their expertise, both during the replacement of a system under full load and in operation, as well as within post-migration collaboration. The success illustrates the strength of our partnership, with teams from both sides working together effectively. This new set-up will allow Unigestion to further optimise its investment operations, reduce costs and compete with more agility than ever before.”
Ralf Schmücker, Managing Director SimCorp, Central Europe, adds: "We are proud to have supported Unigestion’s ambitious goals for several years now and to have jointly developed a distinctive offering for the migration of SimCorp Dimension, to a cloud-based integrated front-to-back solution. With dedicated research and development, SimCorp will continue to evolve its delivery model to create true customer value. Our ambition is to cover a wider footprint across our clients’ investment operations, including a portfolio of managed business and data services, enabling them to focus on their core business goals.”
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