Case Study: Storebrand achieves systems consolidation and €1M annual savings with SimCorp Dimension

Consolidating systems and reducing costs

Storebrand Asset Management, the largest private asset manager in Norway with EUR 75 billion AUM, faced a fragmented technology landscape of custom-built and best-of-breed systems that drove high integration and maintenance costs and constrained growth. To address this, Storebrand selected SimCorp and its SimCorp Dimension platform to standardize and consolidate their front-to-back operations.

SimCorp implemented SimCorp Dimension, enabling Storebrand to decommission numerous legacy systems, increase straight-through processing and automated pricing, and cut time spent on error management. The change delivered measurable impacts: annual savings of EUR 1 million from decommissioned systems, a 58% reduction in post-trade compliance breaks, faster time-to-market (new share classes live in under 24 hours), and a lower overall cost base—results that also earned Storebrand the SimCorp Award.

Storebrand

Erik Kaland

COO