The award, now in its 11th year, recognizes global financial institutions' ability to create sustainable long-term outcomes in large-scale transformation projects, which Temasek has demonstrated.

At a time when the company, like many buy-side firms, was dealing with the turbulence of a world pandemic, Temasek not only executed a multi-faceted and global transformation program, but did so despite the challenge of resources shifting to remote-working.

Through a consolidated approach to its operations, Temasek was able to move from multiple systems to one central and integrated platform. Along with increased operational efficiency, enhanced functionality and extensive instrument coverage, the successful transformation program has provided greater governance and control. The move also supported the firm's strategic ambition for improved end-to-end automation.

Jonathon Allaway, Chief Technology Officer at Temasek comments: 'We thank SimCorp for this award, which recognizes the teams that have worked hard to pursue this transformation during a challenging year. As an investment company, one of our goals is to achieve higher performance and unlock greater value from our investment operations. We depend on our technology partners to help us achieve those goals through the implementation of systems fit for purpose.'

Klaus Holse, CEO at SimCorp adds: 'It is with great pleasure, that we award Temasek, for their achievements and for demonstrating operational excellence. This year's award, just like 2020 itself, is like no other. Successfully completing a large-scale transformation amid market volatility, takes resiliency and resolve, which Temasek displayed in overcoming the challenges that came their way and passionately working to implement long-term change. It has been a privilege to empower Temasek's investment operations and to enable the increased agility for their business.'

Enquiries regarding this announcement should be addressed to:

Mittal Shah, Head of PR, SimCorp +44 (0) 207 397 8072 mittal.shah@simcorp.com

About SimCorp

SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp's core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across EMEA, North America, and Asia Pacific. For more information, please visit www.simcorp.com

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SimCorp A/S published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 12:02:10 UTC.