SimCorp Secures Mandate with the Teacher Retirement System of Texas to Help Transform the Pension Fund’s Investment Technology Capabilities
- The Teacher Retirement System of Texas (TRS) has selected SimCorp One as one of its new comprehensive technology platforms.
- This is part of TRS’ strategy to strengthen portfolio management, investment operations and accounting processes.
· This selection of SimCorp One will increase straight-through processing rates and simplify TRS’ investment management technology landscape.
New York, 9 September 2024 – SimCorp, a leading global financial technology company, today announced that the Teacher Retirement System of Texas (TRS), the seventh largest pension plan in the U.S.[1], has selected SimCorp One as one of its new key investment technology platforms.
SimCorp One is an end-to-end investment platform that supports the entire investment lifecycle for public and private markets, with a focus on enhanced efficiency and superior data quality.
TRS’ strategy specifically aims to help strengthen operational and data capabilities across its front, middle and back office, using automation and technology to streamline processes and create scale. SimCorp One will enable TRS to manage every aspect of the trade investment lifecycle – from portfolio management, trading and compliance to post-trade operations like trade settlement and corporate actions – on a single platform.
This streamlined solution will increase straight-through processing rates and simplify TRS’ investment management technology landscape.
TRS’ selection of SimCorp One is part of a modernization program for its Investment Management Division[2], with the goal of improving the portfolio management teams’ investment decision-making.
“At SimCorp, our mission is to provide financial technology that simplifies our clients’ operations, enabling them to make the best decisions for their clients. Our integrated SimCorp One platform enhances operational efficiency and provides portfolio management teams with data-driven insights to optimize investment decisions. We are honored that the Teacher Retirement System of Texas has chosen us to support the transformation of their investment platform,” says Allen Zimmerman, Managing Director, Head of Americas at SimCorp.
About TRS — The Teacher Retirement System of Texas (TRS) is one of the largest retirement systems in the United States. The system’s core mission is to make a positive difference in the lives of more than two million active and retired Texas educators by prudently investing and managing trust assets and delivering member benefits. As of March 31, 2024, the TRS pension fund had a market value of $202billion.
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,000 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
For more information, see www.simcorp.com.
[1] The world’s largest pension funds – 2023, Thinking Ahead Institute, WTW, September 2023[2] Teacher Retirement System of Texas Strategic Plan, June 2024
