Eagle Swoops In On SimCorp

Eagle Asset Management has selected SimCorp Dimension to replace its legacy investment accounting, performance and client reporting systems.

As an institutional and retail asset manager, Eagle Asset Management oversees equity and fixed income managed accounts and mutual funds designed to meet long-term goals. It's based in St. Petersburg, Florida.

"As we undertake strategic initiatives to differentiate our products and service offerings, we depend on solid technology that can keep pace with our organizational goals and the market dynamics," says Steven Ballard, vice president of IT at Eagle Asset Management. "In our evaluation, we looked for robust state-of-the-art technology designed to help us react to changes in business and product direction. SimCorp met these criteria but further differentiated itself with a platform architecture designed with a good deal of flexibility."

According to a press statement, "Eagle Asset Management selected SimCorp Dimension due to the ability to consolidate data from disparate sources and investment workflows on a single platform. SimCorp Dimension will allow [them] to capture the most granular level of data in a single database, which in turn delivers better data quality and accurate client reporting."

David Kubersky, managing director for SimCorp North America, says, "Eagle Asset Management's selection of SimCorp is a reflection of the broader market's need for platforms that support transparency throughout the trade life cycle, especially in the wake of new regulatory reforms."

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio