Dealis Fund Operations wins a SimCorp Excellence Award 2011
Dealis Fund Operations is the winner of the SimCorp StrategyLab […]
September 29, 2011
Dealis Fund Operations is the winner of the SimCorp StrategyLab Growth Management Excellence Award 2011. The award was presented at one of the largest investment management industry events, the SimCorp Dimension International User Community Meeting, in Stockholm earlier today.
More than 400 senior delegates of the global investment management industry witnessed Dealis Fund Operations receive the award at an event in Stockholm earlier today. Commenting on the award, director of SimCorp StrategyLab, professor Ingo Walter said that Dealis is a much-deserved winner. In particular, the jury had noted that Dealis has been able to drive efficiency improvements in their already well-organised back-office units in order to achieve both optimisation and growth.
Another important landmark was the creation of a Luxembourg-based subsidiary in the form of Dealis Fund Operations erations S.A., which commenced operations in June 2009. Headquartered in Luxembourg City, a total of 47 employees manage the funds of the Luxembourg DekaBank Group in Luxembourg. The migration of these funds has just started.
“Our growth strategy is, among other things, based on thorough market and competitive analyses. We have found that because of greater market volatility, investment managers increasingly focus on their core competences and seek to outsource what they regard as non-core activities,” says spokesperson of the Board of the Managing Directors at Dealis, Roman G. Trageiser. “Dealis has successfully positioned itself as such a specialised service partner and, with the help of our high-performance SimCorp Dimension platform, we are able to tailor our offering to the needs of our clients and at the same time support the latest legal requirements as well as financial instruments. We have the foundation for our future development in place and intend to pursue fast-track growth.”
Dealis Fund Operations was named the winner after a thorough evaluation by an international jury consisting of professor and director of SimCorp StrategyLab, Ingo Walter, professor Steven Brown of New York University, professor Paul Verdin of the University of Leuven and SimCorp’s CEO Peter L. Ravn.
The award has been established to acknowledge, reward and promote best practise within risk, cost and growth management in the global investment management industry. This is the third year that SimCorp StrategyLab has presented this award; previous winners were: MEAG, Nordea Savings and Asset Management, and Edmond de Rothschild Asset Management, respectively.