GIB adopts new asset management IT system

Gulf International Bank, the Middle Eastern merchant bank, has adopted a new asset management system from SimCorp, the Danish investment systems supplier.

SimCorp's Dimension software will be used to provide a single integrated system to support the entire front office operation for equities, fixed income and hedge funds as well as client reporting for Gulf International. The bank has over $8bn (€7bn) of assets under management.

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