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Australian superannuation fund HESTA boosts front office with SimCorp Dimension as a Service

Wed 27th January, 2021 8:00am
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January 27, 2021

Press Release

SimCorp (http://bit.ly/2eLVIft), a leading provider of integrated,
front-to-back, multi-asset investment management solutions
(http://bit.ly/1Vv1QUw) and services to the world’s largest buy-side
institutions, today announces that the Health Employees Superannuation Trust
Australia (HESTA) has chosen SimCorp’s cloud investment platform, SimCorp
Dimension as a Service, to support its investment management functions. The
agreement* follows the decision announced earlier this year, to bring the
management of a proportion of its Australian portfolio, in-house. The
selection of SimCorp’s multi-asset investment management platform forms an
integral role in HESTA’s ambitious investment strategy, delivering the scale
needed to sustainably support the growth of its internal and external
investments.

Formed in 1987 and serving more than 870,000 members, with $56 billion AUD in
assets, HESTA is an Australian industry super fund dedicated to people working
in health and community services. With a fast-growing membership, the fund is
projecting ambitious growth in the next decade, with ambitions to reach the
$100 billion mark. The selection of SimCorp Dimension as a Service, across its
front office, will robustly support HESTA’s newly-adopted Total Portfolio
Approach (TPA), delivering multi-asset coverage for the internal management of
its Australian equities, cash and fixed interest portfolios.

In recent years, the Total Portfolio Approach
(https://www.simcorp.com/en/insights/insights-resources/pdfs/total-portfolio-approach-2020)
(TPA), has become increasingly attractive to pension funds across the globe,
promising more flexible decision making, better risk management and ultimately
more resiliency within portfolios. The investment model provides HESTA with
added agility, while one investment truth, delivered by SimCorp’s integrated
Investment Book of Record (IBOR) will empower the investment team with a
whole-of-fund view of both HESTA’s internally and externally managed
investments, providing a timely and consolidated view of exposure, to enhance
risk management and asset allocation decisions.

Additionally, SimCorp’s cloud investment platform brings a full suite of
cutting-edge technology solutions and managed services to bolster HESTA’s
front-to-back investment operations. This includes business intelligence and a
data warehouse, that will consolidate all investment data sources into one
central repository.

Oliver Johnson, Senior Vice President and Managing Director, SimCorp comments:
“We are pleased to announce the partnership with the Health Employees
Superannuation Trust Australia (HESTA). In recent years, we have seen many
asset owners in Australia make the move to in-house investment management.
Having supported some of the world’s largest pension funds, both in the
region and globally, we are confident that the scope of our partnership,
including vital front office delivery, together with a cloud infrastructure
and managed services, will provide HESTA with a consolidated and complete
offer to reinforce its investment operations and successfully deliver on its
long-term business goals.”

Sonya Sawtell-Rickson, CIO, HESTA comments: “With our projected rapid growth
and decision to internalize a portion of investment management, it was
critical we found a partner who understood the needs of pension funds and
could support our ability to scale, in order to provide cost savings for
members. SimCorp, not only successfully demonstrated this, but also met the
needs of our diverse investment universe. Our technology investment marks
another significant step forward in the implementation of our investment
strategy, which supports us to continue delivering strong, competitive
long-term returns for members at the lowest achievable cost and risk
exposure.”

*License agreement signed in October 2020 and already mentioned in the Q3 2020
Company Announcement date Nov. 12, 2002, as a new agreement signed after
closing of Q3 2020.

Enquiries regarding this announcement should be addressed to:
Mittal Shah, Head of PR, SimCorp +44 (0)207 397 8072 mittal.shah@simcorp.com

About SimCorp  
SimCorp provides integrated, best-in-class, multi-asset investment management
solutions (http://bit.ly/1Vv1QUw) to the world’s leading asset managers,
fund managers, asset servicers, pension and insurance funds, wealth managers,
central banks, sovereign wealth funds, and treasury. Deployed on premise or in
the cloud, SimCorp’s core solution, SimCorp Dimension(®), alongside SimCorp
Coric(®), SimCorp Gain(™), and SimCorp Sofia(™) form a powerful and
complete solution. Together with a range of managed services, they support the
entire investment life cycle, based on a market-leading IBOR
(http://bit.ly/20xajKh). SimCorp invests around 20% of its annual revenue in
R&D, helping clients develop their business and stay ahead of ever-changing
industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company,
with regional offices across EMEA, North America, and Asia Pacific. For more
information, please visit www.simcorp.com
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