SIMCORP Riyadh, London - 18 April 2024 - SimCorp announced today that Hassana Investment Company (Hassana) has won the 2024 SimCorp Global Summit award for Best Transformation Project.
With over USD 300 billion in assets under management, Hassana serves as the investment manager for Saudi Arabia's governmental pension company, the General Organization for Social Insurance (GOSI).
The Best Transformation Project award, now in its 14th year, is presented annually at SimCorp's global client conference to a buy-side institution that has demonstrated exceptional commitment to technological innovation and operational efficiency.
Specifically, Hassana's transformation project centered around leveraging SimCorp's platform's back and middle office suite to optimize workflows, along with risk management capabilities powered by Axioma.
These capabilities were combined with tech-enabled services for data management. This strategic decision provided Hassana with one total portfolio view across public and private assets, reflecting its tireless efforts to support better-informed decisions for its investment professionals.
Hassana received the award in London, where more than 1,100 professionals from the world's leading asset managers, asset servicers, asset owners, and fintech providers gathered.
"We welcome the recognition and award from SimCorp" said Osama Alatiki, Chief Operating Officer at Hassana Investment Company. "SimCorp plays an important role as a technology partner for Hassana. By using its software and tech-enabled services, we ensure access to high-quality data, enabling better-informed investment decisions. This commitment is significant for Hassana to navigate through various economic cycles. We look forward to further strengthening our partnership with SimCorp in the years ahead."
Christian Kromann, Chief Executive Officer at SimCorp, said: "We are delighted to have partnered with Hassana on its journey to enhance its investment operations, supporting the future pensions of the people of the Kingdom of Saudi Arabia. This award is a testament to Hassana's ambitions to further grow its investment management activities, something that SimCorp is proud to support."
The previous winners of the award are Scotiabank, ADIA, Temasek, Bank of Thailand, Storebrand Asset Management, CNP Assurances, Unigestion, Ashmore Investment Management, Challenger Limited, Nordea Asset Management, MEAG, Dealis Fund Operations and Edmond de Rothschild Asset Management.
Hassana invests on behalf of all Saudi generations for their future pensions, as the investment manager of the General Organization for Social Insurance (GOSI).
With over SAR 1.2 trillion (USD 320 billion) of assets under management, Hassana is entrusted with creating long-term value and delivering the best investment outcomes across assets and geographies, by applying strategic vigor and leveraging its unmatched scale to fulfil its vision - today and for the future.
About SimCorpSimCorp offers industry-leading, integrated investment management solutions.
Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed.
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About SimCorp Søren Rathlou Top, Global PR ManagerTel: +45 31 15 87 06
Email: Soren.r.top@simcorp.com
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SimCorp A/S published this content on 18 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2024 12:37:04 UTC.
