BoT adopts new investment management platform
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SimCorp, a provider of investment management solutions and services to the global financial services industry, announced that the Bank of Thailand, Thailand’s central bank, has selected SimCorp Dimension as its new investment management platform to support the reserve management and monetary policy operations of its US$226 billion (Bt7.49 trillion) reserves.
Leveraging SimCorp Dimension’s integrated IBOR (Investment Book of Record), the Bank of Thailand will use the system to manage its end-to-end business processes across all asset classes.
The system will in particular be used to support financial risk management, performance and attribution, compliance, collateral management, settlement and accounting, the company said in a press release on Wednesday.
“With the implementation of SimCorp Dimension, the Bank of Thailand positions itself at the forefront of the emerging ‘whole office’ by eliminating artificial boundaries across the organisation and creating a more productive and informed environment to support key decision making,” the release said.
