Vanguard Investments is reviewing its front office operations following reviews of both its middle and back office systems, which saw global investment technology provider SimCorp appointed in December last year.

Vanguard head of marketing Colin Bold said the index manager was doing the total review of all its technologies off the back of “quite substantial growth” in the business. “It’s now a $72 billion business. Obviously we need to review our technology going forward and ensure we have a system with the capacity for future growth,” he said.

He said the current front office/unit registry system was a combination of different systems – which he declined to name – which Vanguard was looking to possibly move to a single provider, but nothing could be confirmed at this stage.

The back office operation was also a combination of different systems before it was consolidated into a single provider, SimCorp’s Dimension, which was also introduced across Vanguard’s middle office operations.

Bold said the final decision on which provider will pick up the front office business was still “a couple of months” away.