Martin Tully, head of operations, technology and client relationship management at Ashmore, said: SimCorp Dimension suits our future strategic direction. The combination of its flexibility and extensive functionality will enable us to provide a broader product offering and adapt to changing demands from clients.

Lee Wright, managing director of SimCorp Limited, said: We are delighted to have Ashmore as a new customer. The contract was awarded against strong competition, which demonstrates how we are strengthening our market position here in the UK.