SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, today announces that Eastspring Investments, the Asian asset management business of Prudential plc, managing USD $220 billion*, has deployed SimCorp Coric to provide improved client reporting capabilities across its business**.
With initial implementation complete in three months, the asset manager is one of a series of global wins for SimCorp Coric in the Institutional investment space. It comes as heightened market conditions continue to create challenges for global asset management, not least the delivery of timely and accurate reporting and its impact on client experience, amid a newly-remote industry.
The implementation sees Eastspring deploy SimCorp Coric to automate and enable the production of high-quality, timely client reports with granular data, to respond to the changing needs of its clients. In doing so, it enables the organization to minimize the amount of coordination and manual intervention required across teams, delivering consistent data, tools and processes.
Oliver Johnson, Senior Vice President and Managing Director, SimCorp Asia-Pacific comments: “As the Asian asset management industry continues its rapid growth, the competition to win and retain clients is becoming increasingly fierce. Clients now want a greater volume of investment data and consistent reporting on-demand. Being able to deliver this is not only a core requirement, but delivers a superior client experience that can make a real difference. We are delighted to work with Eastspring Investments to support this key component in their strategic initiative and offer the business an enhanced reporting platform that distinguishes it within a competitive market.”
*AUM as at 30 June 2020
**License agreement signed in July 2019
Press release by SimCorp