Case Study: Equinor Asset Management expands into new business areas without adding staff with SimCorp Dimension (SimCorp)

Equinor Asset Management ASA A powerful engine running under the hood of their business

Equinor Asset Management ASA, the investment arm of Equinor operating in 36 countries, faced fragmented front-, middle- and back-office systems, extensive manual processes and heavy reliance on spreadsheets and manual bank interfaces that increased operational risk. To consolidate and automate its operations, Equinor selected SimCorp and has used SimCorp Dimension since 2001 to replace disparate tools and streamline workflows.

SimCorp implemented an integrated front-to-back solution—extending SimCorp Dimension into accounting, risk, settlement and front-office modules (including Asset Manager and Compliance Manager)—to deliver one version of the truth, higher STP rates and fewer interfaces. The result for Equinor was roughly a 50% reduction in spreadsheets/manual work, the ability to launch seven UCITS funds and grow AUM without adding headcount, improved system stability and materially greater operational efficiency thanks to SimCorp.

Equinor

Trond Todnem

Senior Portfolio Manager