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Technology
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Large Cap
Market Cap £3.75bn
Enterprise Value £3.74bn
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Position in Universe 153rd / 1831

Eastspring Investments opts for SimCorp Coric as part of its digital transformation program

Mon 1st February, 2021 8:00am
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February 1, 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 Eastspring Investments, the Asian asset
management business of Prudential plc, managing USD $220 billion*, has
deployed SimCorp Coric to provide improved client reporting capabilities
across its business**.

With initial implementation complete in three months, the asset manager is one
of a series of global wins for SimCorp Coric in the Institutional investment
space. It comes as heightened market conditions continue to create challenges
for global asset management, not least the delivery of timely and accurate
reporting and its impact on client experience, amid a newly-remote industry.

The implementation sees Eastspring deploy SimCorp Coric to automate and enable
the production of high-quality, timely client reports with granular data, to
respond to the changing needs of its clients. In doing so, it enables the
organization to minimize the amount of coordination and manual intervention
required across teams, delivering consistent data, tools and processes.

Oliver Johnson, Senior Vice President and Managing Director, SimCorp
Asia-Pacific comments: “As the Asian asset management industry continues its
rapid growth, the competition to win and retain clients is becoming
increasingly fierce. Clients now want a greater volume of investment data and
consistent reporting on-demand. Being able to deliver this is not only a core
requirement, but delivers a superior client experience that can make a real
difference. We are delighted to work with Eastspring Investments to support
this key component in their strategic initiative and offer the business an
enhanced reporting platform that distinguishes it within a competitive
market.”

*AUM as at 30 June 2020
**License agreement signed in July 2019

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

Notes to Editor

SimCorp Coric Key Client Metrics 
* Annual manpower savings of $500k for a relatively small firm
* 90%+ automation of manual reporting processes / 100% automation of fund
factsheets
* Quarterly Investment Reviews production costs down 81%
* Customization costs cut by 95%, with no IT involvement
* Clients have reported shorter and more cost effective reporting cycle: from
1 month to 10 days, from 20 factsheets by month-end to 200 factsheets by day
10.
* Increase in client/report volumes has no impact on manpower or
infrastructure costs
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