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SimCorp picked up by big Canadian pension fund
The Canada Pension Plan Investment Board (CPPIB) will use SimCorp’s flagship Dimension product for investment operations and performance measurement, SimCorp has announced.
The $130 billion fund previously outsourced these operations to a third party but was now internalising its portfolio recordkeeping, accounting and performance measurement functions, SimCorp said.
SimCorp Dimension was able to support the breadth of CPPIB’s complex operational processes and provide the scalability needed to meet the needs of its existing, new and growing investment programs, according to SimCorp.
“What stood out to us immediately was the level of integration between investment operations and performance processes that SimCorp Dimension provides,” said Benita Warmbold, senior vice president and chief operating officer at CPPIB.
AUTHOR
Mike Taylor
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