Macquarie Funds Management has chosen SimCorp Dimension as its investment accounting platform.

The SimCorp system will provide middle office and backoffice functionality covering accounting, taxation, asset valuation, settlement of investment transactions, compliance monitoring, reporting and performance information. Macquarie’s decision to implement SimCorp Dimension was taken after a comprehensive review of the systems available in the Australian market. The review included an assessment of the ability of the systems to deliver business efficiencies and flexibility. Christian Vignes, chief operating officer for Macquarie, said: “;Following a market evaluation we chose SimCorp’s Dimension as the system that most closely meets our requirements, at this point in time, to administer our wide range of portfolios and securities.”; Nick Quin, SimCorp’s manager sales and marketing, said: “;This underlines the benefits that a fully integrated solution running on a single platform can provide in terms of efficiency gains and cost reductions.”;