FIIG Securities Taps SimCorp Dimension for Front and Middle Office Operations

Wednesday, 23/08/2017 | 16:51 GMT by Aziz Abdel-Qader
  • FIIG is Australia's largest specialist fixed income provider with over AUD 11 billion under investment.
FIIG Securities Taps SimCorp Dimension for Front and Middle Office Operations
Bloomberg

FIIG Securities (FIIG), an Australian bond and fixed income specialist, has selected SimCorp Dimension as its new front and middle office platform. The agreement covers investment book of record (IBOR), data management, pre- and post-trade compliance, portfolio management, order management, performance measurement and Risk Management .

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Currently managing assets of over AUD 11 billion, FIIG Securities has embedded SimCorp Dimensionโ€™s product suite to enable the firm to scale for growth by implementing a high level of integration and Automation across a wide range of business functions.

Australia's largest fixed income provider said that following a rigorous selection process, SimCorp Dimension stood out as the solution best suited to consolidate its system landscape and automate processes across its investment areas.

Commenting on the agreement, Oliver Johnson, Managing Director at SimCorp Asia, said: "FIIG Securities' decision to choose SimCorp Dimension is yet another testament to the growing recognition of our market-leading integrated investment management solutions across Asia and Australia. SimCorp Dimension's depth of fixed income instrument coverage allows us the opportunity to deploy our advanced solutions to better serve FIIG Securities' clients. We are delighted and proud to be selected by FIIG and are excited to work with them to grow their business through our cutting-edge technology."

Jim Stening, founder and Managing Director at FIIG Securities, added: "The choice of SimCorp Dimension is an important strategic step for us and our clients. Following an extensive search process, we selected SimCorp's integrated system as we are confident with SimCorp's ability to provide an innovative, future-proof solution and a strong business case aligned with our vision for growth. Our advisors will continue to provide clients access to high quality fixed income investments and bond financing, but now they will also be supported by SimCorp's scalable, cost-efficient platform."

FIIG Securities (FIIG), an Australian bond and fixed income specialist, has selected SimCorp Dimension as its new front and middle office platform. The agreement covers investment book of record (IBOR), data management, pre- and post-trade compliance, portfolio management, order management, performance measurement and Risk Management .

Register now to the London Summit 2017, Europeโ€™s largest gathering of top-tier retail brokers and institutional FX investors

Currently managing assets of over AUD 11 billion, FIIG Securities has embedded SimCorp Dimensionโ€™s product suite to enable the firm to scale for growth by implementing a high level of integration and Automation across a wide range of business functions.

Australia's largest fixed income provider said that following a rigorous selection process, SimCorp Dimension stood out as the solution best suited to consolidate its system landscape and automate processes across its investment areas.

Commenting on the agreement, Oliver Johnson, Managing Director at SimCorp Asia, said: "FIIG Securities' decision to choose SimCorp Dimension is yet another testament to the growing recognition of our market-leading integrated investment management solutions across Asia and Australia. SimCorp Dimension's depth of fixed income instrument coverage allows us the opportunity to deploy our advanced solutions to better serve FIIG Securities' clients. We are delighted and proud to be selected by FIIG and are excited to work with them to grow their business through our cutting-edge technology."

Jim Stening, founder and Managing Director at FIIG Securities, added: "The choice of SimCorp Dimension is an important strategic step for us and our clients. Following an extensive search process, we selected SimCorp's integrated system as we are confident with SimCorp's ability to provide an innovative, future-proof solution and a strong business case aligned with our vision for growth. Our advisors will continue to provide clients access to high quality fixed income investments and bond financing, but now they will also be supported by SimCorp's scalable, cost-efficient platform."

About the Author: Aziz Abdel-Qader
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