News and announcements
  • Alberta Investment Management wins SimCorp StrategyLab Risk Management Excellence Award18 September 2014

    SimCorp StrategyLab, a private research institution sponsored by SimCorp, has announced that Alberta Investment Management Corporation (AIMCo) is the winner of the 2014 SimCorp StrategyLab Risk Management Excellence Award. The prestigious award was presented earlier today at one of the largest investment management industry events, SimCorp’s International User Community Meeting, in Paris.

    Now in its sixth year, the SimCorp StrategyLab Excellence Award recognizes innovation and outstanding performance in the global investment management industry. The winner is selected by a panel consisting of renowned international experts in finance, economics and applied IT.

    AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than $80 billion in assets under management. AIMCo was selected for its excellence in implementing AIMCo Innovations, a program to reduce operational risk and improve data accuracy for superior investment decision-making. AIMCo Innovations involved a strong commitment from the highest levels of the organization to modernize the firm’s system landscape.

    “This award spotlights exceptional organizations that have the vision to make widespread changes to achieve new benchmarks in risk mitigation,” said, Ingo Walter, Seymour Milstein Professor at the Stern School of Business who serves at the head of SimCorp StrategyLab. “AIMCo’s bold program of change has achieved large scale benefits for its clients. In judging this award, AIMCo’s submission stood out for its management of a large-scale, transformational risk mitigation program.”

    Michael Baker, SVP Investment Operations at AIMCo, commented, “By focusing our efforts on people, process and technology, implementing AIMCo Innovations has allowed us to significantly mitigate risk through each step of the investment process while also earning high risk-adjusted returns on our clients behalf. We are excited and honored to be the recipient of this year’s SimCorp StrategyLab Award.”

    The key benefits achieved by AIMCo Innovations include:

    • accounting improvements in three separate frameworks,
    • reduced costs and operational risk by means of multi-currency accounting
    • reduction in income allocation time, going from a manual, six day process on a quarterly basis to an automated process of just minutes on a daily basis,
    • closing accounting records from T+4 to T+1.

    Previous award recipients include outstanding investment management firms Challenger Limited, Dealis Fund Operations, MEAG, Nordea Savings and Asset Management, and Edmond de Rothschild Asset Management. 

    For more information on the SimCorp StrategyLab, please visit: http://www.simcorp.com/Company/Research/SimCorp-StrategyLab


    Enquiries about this announcement should be addressed to:
    Anders Crillesen, Vice President of Operations, SimCorp StrategyLab, +45 2779 1286
     

    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’s 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. For more information, please visit www.simcorpstrategylab.com.


    About Alberta Investment Management Corporation 
    AIMCo is one of Canada’s largest and most globally diversified institutional investment managers with assets under management of more than $80 billion. AIMCo was established in 2008 to invest for superior long-term investment results for its 27 pension, endowment and government clients in Alberta, including the Alberta Heritage Savings Trust Fund. For more information about AIMCo, visit www.aimco.alberta.ca.

  • Share buyback program15 September 2014

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.6m) in the period from 2 September 2014 to 13 February 2015.

    The following transactions have been executed under the program:

    Date                

    Number of shares

    Average purchase price (DKK per share)

    Amount (DKK)

    Accumulated under the program as of last announcement:

    29,500

    160.69

    4,740,445

    8 September 2014

    6,500

    165.96

    1,078,740

    9 September 2014

    6,039

    168.16

    1,015,518

    10 September 2014

    7,500

    166.59

    1,249,425

    11 September 2014

    7,000

    166.48

    1,165,360

    12 September 2014

    7,000

    166.97

    1,168,790

    Accumulated under the program following above purchases:

    63,539

    163.97

    10,418,278

    Following above purchases, SimCorp holds 640,684 treasury shares corresponding to 1.54% of the share capital.

    Purchases for an amount of EUR 8.6m (approx. DKK 64.2m) remain to be executed under the program.


    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 37/2014

     

  • KLP Kapitalforvaltning AS Extends Use of SimCorp Dimension10 September 2014

    SimCorp announced today that Norwegian KLP Kapitalforvaltning AS (part of Norway’s largest life insurance company), has extended its SimCorp Dimension license agreement to cover the entire front office area.

    A SimCorp client since 1998, KLP Kapitalforvaltning manages in excess of USD 52bn (NOK 326bn) assets in a broad range of fixed income and equity portfolios on behalf of the insurance business in the KLP Group and other customers through the 34 KLP funds.

    KLP Kapitalforvaltning selected the SimCorp Dimension Front Office Suite following a competitive tender process. One of the key deciding factors was SimCorp Dimension’s ability to consolidate data from disparate sources onto a single platform, thus streamlining workflows and strengthening compliance handling.

    “Choosing the SimCorp Dimension Front Office Suite is an important strategic decision for us. We are confident that once implemented the front office modules will help us to further automate and optimize our investment processes, thereby managing both risk and cost more efficiently for the benefit of our clients,” says Håvard Gulbrandsen, Chief Executive Officer at KLP Kapitalforvaltning. “In particular, the straight-through-processing capabilities, not just within the front office, but also to middle and back office processes will result in increased efficiency gains.”

    Commenting on the agreement, Lau Harting Jeppesen, Vice President of SimCorp Nordic said: “KLP’s choice to expand their license agreement with SimCorp is further testament that we provide  a cutting-edge solution that meets the cross-functional needs of the front office. Not only does SimCorp offer innovative solutions for the back and middle office, more importantly we cover the entire value chain, providing a true enterprise solution. We look forward to continuing our successful partnership with KLP.”

    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, SimCorp Corporate Communication, (+45 3544 6474) 


    About SimCorp

    Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.

    About KLP
    KLP (Kommunal Landspensjonskasse) is Norway's largest life insurance company, owned by the customers within the public sector occupational pensions. The group delivers safe and competitive financial and insurance services to the public sector, enterprises associated with the public sector and their employees. The KLP Group has total assets of USD 71 bn (NOK 442 bn). KLP Kapitalforvaltning AS, wholly owned by KLP, is with its 60 employee's one of Norway's leading asset managers. For more information, please visit www.klp.no.

  • Share buyback program8 September 2014

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.6m) in the period from 2 September 2014 to 13 February 2015.

    The following transactions have been executed under the program:

    Date                

    Number of shares

    Average purchase price (DKK per share)

    Amount (DKK)

    2 September 2014

    7,500

    157.70

    1,182,750

    3 September 2014

    7,500

    159.08

    1,193,100

    4 September 2014

    7,000

    160.66

    1,124,620

    5 September 2014

    7,500

    165.33

    1,239,975

    Accumulated under the program following above purchases:

    29,500

    160.69

    4,740,445

    Following above purchases, SimCorp holds 584,645  treasury shares corresponding to 1.46% of the share capital.

    Purchases for an amount of EUR 9.4m (approx. DKK 69.9m) remain to be executed under the program.


    Enquiries regarding this announcement should be addressed to:
    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
    Thomas Johansen, Chief Financial Officer, SimCorp A/S (+45 3544 8800, +45 2811 3828)

    Company Announcement no. 36/2014

     

     

     

  • SimCorp Clients Live with Latest EMIR Trade Reporting Requirements5 September 2014

    Following the second compliance deadline for reporting derivatives trades to a trade repository (TR), SimCorp confirms that their clients successfully met the requirements as set out under the European Market Infrastructure Regulation (EMIR).

    From August 11, investment management firms are required to include valuation and collateral reports in addition to the data that must already be reported to one of the TRs authorised by the European Securities and Markets Authority (ESMA). EMIR contains three requirements that have a direct bearing on investment managers’ IT infrastructure:

    • Introduction of Central Clearing Parties (CCP) to reduce counterparty risk
    • Optimizations in processing OTC derivatives
    • Increased market transparency by introducing TRs

    As regulators have given warning that non-compliance with these will result in severe penalties and the market has had a relatively short time to interpret and respond to the new regulations, there has been a high demand for quick-to-implement technology solutions.

    The solution offered by SimCorp supports Regis-TR S.A. and DTCC as European TRs authorized by ESMA. Before the first reporting deadline of February 12, 2014 over 25 SimCorp clients across Europe opted to use SimCorp’s Trade Reporting solution which is seamlessly integrated into the SimCorp Dimension Investment Management platform. The integration saves SimCorp clients time when producing their reports by for instance allowing a direct drill-down from the reporting data to the actual trades captured in SimCorp Dimension.

    “EMIR compliance has been a lengthy and challenging process. Deploying the right technology has been essential to coping with the requirements and our partnership with SimCorp has enabled us to handle the new rules competently,” said Marita Olofsson, Head of Business Administration Asset Management at AFA Insurance. “We are confident that with the solid technology platform SimCorp provides, we are well positioned to manage any new compliance requirements arising from the evolution of EMIR in the coming years.”

     “The implementation of the Trade Repository solution was marked by the close collaboration between our clients and SimCorp’s consultants deploying the solution in each country. In order to maintain this close contact and to develop our solution further, we have invited our clients to the first European Trade Repository User Group Meeting taking place on September 17, 2014 in Paris. We are looking forward to bringing together our clients, as well as representatives of Regis-TR S.A. and DTCC in a knowledge sharing workshop which will be beneficial for all participants.” says Carsten Kunkel, Head of SimCorp’s Global Regulatory Center of Excellence.


    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, SimCorp Corporate Communication, (+45 3544 6474)


    About SimCorp

    Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.


    About AFA Insurance
    AFA Insurance provides security and financial support upon sickness, work injury, shortage of work, death and parental leave. Our insurance products are based on collective agreements established by the labour market's partners. We insure more than four million people within the private sector, municipalities, county councils and regions, and manage assets totalling SEK 200 billion. AFA Insurance does not seek to generate a profit, which implies that no dividends are paid to the shareholders. An important part of our activities is to support research and projects that actively aim to improve work environments. AFA Insurance employs around 600 people and is owned by the Confederation of Swedish Enterprise, the Swedish Trade Union Confederation (LO), and the Swedish Council for Negotiation and Co-operation (PTK).

     

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