Case Study: SOFAZ transforms investment operations with SimCorp Dimension

SOFAZ transforms investment operations with SimCorp

SOFAZ, the State Oil Fund of the Republic of Azerbaijan, is a sovereign wealth fund responsible for managing the nation’s oil and gas revenues. As its portfolio grew and new asset classes were added, its legacy system could no longer keep up with the complexity, data volume, and operational demands. SOFAZ needed a more scalable, automated, and future-proof solution, and selected SimCorp Dimension.

SimCorp implemented a front-to-back SimCorp Dimension platform that combined portfolio management, accounting, order management, trade execution, settlements, reconciliation, and compliance in one system. This reduced complexity, improved data flow, and increased automation across investment operations. The result was a more efficient, flexible operating model with stronger portfolio analysis, cash management, performance measurement, and risk and compliance monitoring for SOFAZ.

SOFAZ

Vadim Pschenichniy

Director, Risk Management