Case Study: MEAG achieves seamless STP from portfolio optimization to accounting with SimCorp's Front Office Suite

Front office drives STP from portfolio optimization to accounting

MEAG, the asset manager for Munich Re and ERGO with around EUR 252 billion AUM, faced the challenge of replacing legacy systems after its 1999 spin-off and rapidly delivering a flexible, best-practice investment platform and IBOR to meet tight time-to-market demands. To achieve a vision of 100% seamless straight-through processing (STP) from portfolio optimization to accounting, MEAG selected SimCorp and expanded its existing SimCorp Dimension deployment by implementing SimCorp’s Front Office Suite (Asset Manager, Order Manager, Compliance Manager) plus integrated fixed income performance attribution.

SimCorp delivered a consolidated, single-platform front office and IBOR that enabled pre-trade compliance, automated order generation and trading connectivity, centralized dashboards with quality-assured data, and automated complex compliance and reporting. As a result, MEAG retired legacy tools, reduced operational risk, standardized global governance and processes, and quantified a business case that projected up to 2 basis points of alpha from FIPA and STP (mid-case 0.5 bp); MEAG now relies entirely on SimCorp for front-office processes and continues to extend trading automation.

MEAG

Claudio-Peter Prutz

Head of Digital Business Services and Organizational Development