Case Study: Storebrand achieves system consolidation and front-office automation with SimCorp Dimension

Bolstering their front office and reducing their system landscape

Storebrand, Norway’s largest private asset manager, faced a fragmented technology landscape—more than 100 systems including Excel models and bespoke executions—and wanted to consolidate and modernize its front- and middle-office capabilities. To reduce manual work, improve data consistency and lower operational risk, Storebrand adopted SimCorp’s platform, notably SimCorp Dimension with front-office modules such as Asset Manager, Order Manager and Compliance Manager, and set out to expand its use of the system beyond traditional back-office functions.

SimCorp implemented an IBOR-backed consolidation on SimCorp Dimension, automating manual pricing routines, centralizing data and rolling portfolio managers onto Asset Manager and Order Manager integrated to execution systems, with Compliance Manager enforcing >6,000 rules daily. The move delivered clear gains: an automated batch replaced error-prone Excel processes, compliance staff saved roughly 30 minutes per day, one trading team went from 0 to 100% of trades in SimCorp within 10 weeks, and Storebrand reduced operational risk and costs through a single, consistent data source.

Storebrand

Arne Martin Moen

Head of Investment Administration