NEW YORK--(BUSINESS WIRE)-- SimCorp StrategyLab, a private research institution sponsored by SimCorp, today announced that DIAM International, the Japanese and regional equity and alternatives specialist asset manager based in London, is the winner of the 2013 SimCorp StrategyLab Cost Management Excellence Award. The award was presented at one of the largest investment management industry events, the SimCorp Dimension International User Community Meeting, in Amsterdam earlier today.
DIAM was named the winner after a thorough evaluation by an international panel consisting of Mr. Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics at Stern School of Business, New York University; Professor Stephen Brown of New York University; Professor Paul Verdin of Leuven University; and SimCorp CEO Klaus Holse.
The judges selected DIAM International for the award as a result of the company’s strategic approach to achieving growth while insulating against cost increases to achieve ambitious business plans.
SimCorp CEO Klaus Holse commented: “The judges were impressed by DIAM International’s innovative approach to controlling costs as part of it its strategic business plan, and we are doubly pleased that SimCorp has played a key part in DIAM’s ability to reach these business goals.”
Jan Weber, Chief Financial Officer at DIAM International, commented: “Implementing our cost management program has allowed us to achieve our strategic objectives in regards to improving cost efficiency and risk effectiveness. We are delighted to receive recognition from the SimCorp StrategyLab for our results.”
The SimCorp StrategyLab Excellence Award program has been established to acknowledge, reward and promote best practices in mitigating risk, managing cost and enabling growth in the global investment management industry. This is the fifth year that SimCorp StrategyLab has presented the awards; previous winners include Challenger Limited, MEAG, Nordea Savings and Asset Management, Edmond de Rothschild Asset Management and Dealis Fund Operations, respectively.
About SimCorp StrategyLab
SimCorp StrategyLab is a private research institution, headed by Mr. Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics at Stern School of Business, New York University. SimCorp StrategyLab research work focuses on identifying, understanding and suggesting solutions to issues pertaining to mitigating risk, reducing cost and enabling growth in the investment management industry. www.simcorpstrategylab.com.
DIAM International is the London based asset management business of the DIAM Group (‘DIAM’), headquartered in Tokyo. DIAM is owned jointly by Mizuho Financial Group and The Dai-ichi Life Insurance Company Ltd. DIAM has continued to grow as a leading asset manager with $120 billion AUM (as at 30th June 2013) and has been servicing clients in EMEA for over 30 years. Our clients include pension funds, financial institutions, endowments and other large institutional investors. DIAM International offers a range of active, quant and index equity strategies including Global, Emerging Markets, Japan, Asia and Europe as well as fixed income and alternative solutions.
Source: SimCorp StrategyLab