Kuwait Investment Office in London signs for TMS2000

The Kuwait Investment Office, KIO, has chosen SimCorp’s investment management system TMS2000 for its asset management operations in London. KIO is a well-known and respected member of the London City financial community. SimCorp therefore considers the license agreement with KIO as an important factor in the efforts to position TMS2000 in the British market.

The London-based Kuwait Investment Office, KIO, has chosen SimCorp’s investment mana-gement system TMS2000 for its asset management operations. The TMS2000-installation will be implemented during 2002 as a fully integrated solution encompassing both portfolio and treasury management. The implementation will be based on a comprehensive pre-implementation study of KIO’s investment procedures and workflows conducted in collaboration between KIO and SimCorp.

With a mandate to manage a number of funds for the State of Kuwait, KIO is a well-known and respected member of the London City financial community, so even though the license agreement itself does not change the Group’s financial forecast for 2001, SimCorp considers the contract as an important factor in the efforts to position TMS2000 in the British market.