Ampega streamlines operations with on-time, on-budget SimCorp front office implementation
- Asset manager Ampega adopts SimCorp's integrated front office and risk solution to manage its investment portfolios and funds, order and execution, compliance, post-trade processing, market risk and front office data.
- By leveraging SimCorp One, Ampega further rationalizes business processes across their value chain and greatly reduces complexity of its application landscape.
Frankfurt, February 27, 2025 – SimCorp, a leading financial technology company, has reached a significant milestone today with the successful implementation of a new front-office solution for Ampega, a German asset manager and investment fund provider with over EUR 180 billion in total assets under management.
By leveraging SimCorp's front-to-back solution, SimCorp One, Ampega has streamlined its system landscape and reduced the total cost of ownership. The implementation was executed in phases, ensuring a smooth transition without disrupting ongoing business. The successful implementation was executed within budget and on time.
“Lowering costs, by consolidating systems was a key factor in selecting SimCorp. Our partnership continues to deliver technological innovations and increases our competitiveness in the asset management market through operational excellence and business process rationalization,” said Dr. Dirk Erdmann, Managing Director of Ampega Asset Management GmbH and Ampega Investment GmbH. “By implementing SimCorp's front-office capabilities, we have addressed numerous challenges, improved processes and enhanced data governance for faster and better decision making.”
Ampega, the asset manager for Talanx Group, has been a SimCorp client for 20 years, primarily utilizing middle and back-office capabilities. Recognizing the potential for further efficiency gains, Ampega decided to rationalize their systems and partner with SimCorp for a complete front-to-back implementation project. The main focus was to bring all core functionalities into just one system, allowing Ampega to maximize the benefits of the SimCorp One platform.
SimCorp's multi-asset IBOR connects data across front, middle, and back-office functions in one place, with real-time, consolidated data on positions, trades, and cash flows. Comprehensive risk management tools are integrated seamlessly into the front-office solution, providing real-to-time analytics across asset classes and better supporting investment decisions.
“We are proud to support Ampega's business goals. The excellent collaboration between our teams has led to another successful, on-time and on-budget implementation,” said Ralf Schmücker, Managing Director for EMEA at SimCorp. “SimCorp and Ampega continue to collaborate on consolidating and streamlining their system landscape, reducing costs, and enhancing efficiency. This project has further strengthened our partnership.”
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
For more information, see www.simcorp.com.
About Ampega
The Ampega companies are the asset managers of the Talanx Group. Ampega Asset Management GmbH also manages the “real estate” asset class on an operational and strategic level for the companies of the Talanx Group and optimizes their value enhancement. The companies are responsible for and manage capital and real estate investments totaling around € 187 billion (as at 30.09.2024). Talanx is one of the largest European insurance groups in terms of premium income.
For more information, please visit www.ampega.com.
Media Contact
Morten Steen
Global Communications Manager at SimCorp
+45 20 19 41 05
[email protected]
