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Challenger partners with SimCorp for growth

Client story

Learn how Challenger saved time and mitigated risk by consolidating their processes within SimCorp Dimension.

Ross Gulliford is Head of Investment Operations at Challenger. In this video he talks about the partnership between SimCorp and Challenger and their journey towards a front-to-back platform strategy. Specifically, he talks about some of the key benefits achieved from implementing the Fund STP module, allowing them to standardize their processes and easily add new business in a more automated manner.

Ross Gulliford, Head of Investment Operations at Challenger

“When we implemented SimCorp in 2017, one
of our key objectives would have been to
reduce our operational risk in the management
of the reserve portfolio. That implementation
has gone well and we have certainly seen the
benefit of reduced operational risk since we
have that straight through processing from the
front office, to middle office where we have the
performance and compliance management, to
back office settlement and accounting, so it
has achieved its overall objective.”

“When we implemented SimCorp in 2017, one

of our key objectives would have been to

reduce our operational risk in the management

of the reserve portfolio. That implementation

has gone well and we have certainly seen the

benefit of reduced operational risk since we

have that straight through processing from the

front office, to middle office where we have the

performance and compliance management, to

back office settlement and accounting, so it

has achieved its overall objective.”

Wendy D’Arbasie

Manager, Reserves and Domestic Market Management, The Central Bank of Trinidad and Tobago

Quick facts

Name: Challenger
Industry: Fund Management and Life
AUM: AUD 81 billion (as at 30 June 2018)
Website: www.challenger.com.au

About Challenger

Established in 1985 and listed on the Australian Securities Exchange (ASX: CGF) in 1987, Challenger Limited (Challenger) is an investment management firm managing $81 billion in assets (as at 30 June 2018). Challenger is focused on providing our customers with financial security for retirement. We do this by investing to create wealth in the accumulation phase of superannuation, and by converting accumulated wealth into safe and reliable income streams for retirees. Challenger operates two core investment businesses, a fiduciary Funds Management division and an APRA-regulated Life division.