M&G Investments selects SimCorp for investment book of record

M&G Investments has selected SimCorp's Investment Book of Record (IBOR) to provide real-time position information across all asset classes.

M&G Investments has selected SimCorp’s Investment Book of Record (IBOR) to provide real-time position information across all asset classes.

IBOR will be M&G’s replacement source of position data for managing investment portfolios and client servicing.

M&G’s IBOR will be based on IBOR functionality in SimCorp’s investment management solution, SimCorp Dimension.

“It will enable M&G to simplify its system architecture and provide greater flexibility to support new products and exploit growth opportunities,” SimCorp in a statement said.

M&G chief operating officer Martin Lewis said: “The investment world continues to grow in sophistication and the information requirements of our fund managers grow in step. An investment book of record is essential to provide the service our business requires to make best-informed decisions for our clients. After a thorough selection process we are very pleased to partner in this initiative with SimCorp.”

SimCorp CEO Klaus Holse said: “M&G drove the development of IBOR standards for the benefit of the whole industry. It is a testament to the quality of our solution that M&G has chosen to partner with SimCorp to align our product to these IBOR standards. We look forward to a long and mutually beneficial relationship.”