News and announcements
  • New SimCorp Paper Explores How State-of-the-Art Derivatives and Alternatives Processing Drives Alpha22 April 2014

    SimCorp today released a white paper, titled “Derivatives and Alternative Investments: Adding Alpha with Best-in-Class Processing Capabilities.” Authored by Thomas O. Phipps, Principal at Cutter Associates, the piece is part of an ongoing series of industry thought leadership compiled and published by SimCorp.

    The paper highlights the importance of state-of-the-art solutions for asset managers to increase alpha and also be best prepared for new business opportunities and future growth. Outlining best practices when seeking out new technology, Phipps emphasizes data-centric architecture that supports increasingly complex and changing financial instruments like alternatives and derivatives, in addition to multi-asset strategies.

    Additionally, the piece references a recent Cutter survey of more than 200 investment management firms addressing the leading derivatives challenges. Each challenge identified in the survey reinforced the importance of having underlying technology that can offer a consolidated view on all data.

    “In the context of the data-centric ap­proach we cannot over­emphasize the importance of having in­tegrated systems with multi asset-class coverage when provisioning for deriva­tives and alternatives,” comments Phipps. “When the time comes to integrate the applications in the system architecture with the appropriate financial software solution, less is more – the fewer disparate systems and desynchronized parts, the better poised the firm will be for success.”

    Klaus Holse, CEO of SimCorp, continues, “Adopting state-of-the-art investment technology enables automation which mitigates risk, reduces cost, and improves flexibility, all factors that in turn increase competitiveness. Operational efficiency ultimately drives the portfolio performance that asset managers seek.”

    To download the full paper as featured in the latest SimCorp Journal of Applied IT and Investment Management, please click here.


    Enquiries regarding this announcement should be addressed to:

    Anders Crillesen, SimCorp Corporate Communication, +45 3544 6474


    Media Contacts:
    Kevin Maher/Miranda Garrison, Cognito, +1 646-395-6300, simcorp@cognitomedia.com

     


    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. SimCorp’s world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp’s products, please visit www.simcorp.com/solutions.

     

  • Share Buyback Program22 April 2014

    On 25 February 2014 SimCorp A/S announced a share buyback program in compliance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the “Safe Harbour”.

    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 26 February to 22 August 2014.

    Since the last announcement 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:

    132,116

    211.55

    27,949,463

    8 April 2014

    2,000

    210.68

    421,360

    9 April 2014

    2,095

    212.78

    445,774

    10 April 2014

    3,400

    209.78

    713,252

    11 April 2014

    10,000

    203.35

    2,033,500

    14 April 2014

    16,000

    198.90

    3,182,400

    15 April 2014

    16,000

    199.07

    3,185,120

    16 April 2014

    11,478

    200.90

    2,305,930

    Accumulated under the program following above purchases:

    193,089

    208.38

    40,236,799

     

    Following above purchases, SimCorp holds 2,401,822 treasury shares corresponding to 5.52% of the share capital.

    Purchases for an amount of EUR 4.6m (approx. DKK 34.4m) 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 6858, +45 2811 3828)

    Company Announcement no. 22/2014

     

     

  • Swisscanto Realizes Efficiency Gains with SimCorp Dimension for Fund Administration15 April 2014SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Swisscanto, the fourth largest provider of investment funds in Switzerland with assets under management exceeding EUR 40 billion, selected SimCorp Dimension for in-house administration of its funds.

    Since 2004, Swisscanto has successfully operated SimCorp Dimension as an integrated system that handles the entire investment management process for a wide range of financial instruments. To date, an external service provider has carried out the asset manager’s fund administration. 

    As current market developments – including increasingly complex products, heightened regulatory requirements, mounting demands on data management, and increasingly individualized customer needs – continued to progress, the limited flexibility of outsourcing fund administration became increasingly apparent. Based on experiences in this environment, Swisscanto reevaluated its business practices and chose to expand the use of SimCorp Dimension to include fund administration. 

    “Through the use of SimCorp Dimension we recovered the necessary flexibility in the administration of our own funds as well as on client mandates,” explains Hans Frey, Head of Corporate Services and member of the Swisscanto Group management. “In addition, we were able to realize efficiency gains by only using a single piece of software for the entire value chain.”

    “In the neighboring German-speaking countries, SimCorp Dimension is already the market leading system in the fund administration area," explains Claudia Rosenhövel, member of SimCorp Central Europe’s management. “We are happy to see that financial institutions in Switzerland value the benefits of using our solution within fund administration and accounting.” 

    Enquiries regarding this announcement should be addressed to: 

    SimCorp GmbH
    Oliver Widmann
    Tel.: +49 (0) 6172 9240-0 (535)
    Fax: +49 (0) 6172 9240-40

    Northoff.Com Public Relations
    Volker Northoff
    Tel.: +49 (0) 69 408980-00
    Fax: +49 (0) 69 408980-10
    E-Mail: info@northoff.com

    About Swisscanto 

    Swisscanto is a leading Swiss investment fund provider and asset manager to be awarded nationally and internationally on a regular basis. Shareholders of Swisscanto are the 24 Swiss cantonal banks. For over fifty years, the specialized joint venture developed successful investment and pension solutions for private and institutional investors. The Group employs around 400 staff and manages client assets of over 50 billion CHF. 

    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. SimCorp’s world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp’s products, please visit www.simcorp.com/solutions.

  • Notice of extraordinary general meeting in SimCorp A/S11 April 2014

    In accordance with Article 14 of the Articles of Association, notice is hereby given of an extraordinary general meeting in SimCorp A/S, Wednesday 14 May 2014, at 1:00 pm, Weidekampsgade 16, 2300 Copenhagen S, Denmark.

    The agenda will be as follows:

    No. 1

    At the annual general meeting held on 31 March 2014, the proposal to reduce the Company's share capital was adopted by a majority of more than two thirds of both the votes cast and of the share capital represented at the general meeting. Since, however, less than 50 % of the share capital was represented at the general meeting the proposal was not adopted, and the Board of Directors therefore makes the proposal at the extraordinary general meeting.

    The Board of Directors proposes to reduce the share capital of the Company by nominally DKK 2,000,000 from nominally DKK 43,500,000 to nominally DKK 41,500,000, equivalent to a reduction of the share capital by 2,000,000 shares of DKK 1 each by cancellation of own shares. The reduction of the share capital is executed in pursuance of Section 188 (1)(2) of the Danish Companies Act, after which the reduction is effected by reduction of own shares which means that the purpose of the reduction is payment to the shareholders. The own shares in question were purchased by the Company in the period from 17 October 2012 until 21 November 2013 at a total purchase price of DKK 325,390,276. The purchase price is entered at DKK 0 in the accounts of the Company since the amount has been written off the equity capital. In consequence hereof, it is proposed to amend Article 3, first sentence, of the Articles of Association as follows:

    "The share capital of the company is DKK 41,500,000, say forty-one million five hundred thousand 00/100, divided into shares of DKK 1 each or any multiples thereof."

    After the reduction there will be full coverage for the share capital and the deposits and capital reserves that are restricted pursuant to the law and the Articles of Association of the Company.

    Before the reduction of the share capital is executed, the Company's creditors will be convened via the electronic information system of the Danish Business Authority in pursuance of section 192 of the Danish Companies Act. 4 weeks after the expiry of the notification period of section 192 of the Danish Companies Act the reduction of the share capital shall be finally executed and the following amendment of the Articles of Association if so will be deemed registered.

     

    No. 2

    Any other business.


    Special coting requirements

    The adoption of the resolution proposed under item 1 above, see Article 14 of the Articles of Association, requires a majority of at least two thirds of both the votes cast and the share capital represented at the general meeting.

    Share capital and voting rights

    The Company’s share capital is DKK 43,500,000 divided into shares of DKK 1 each and multiples thereof. Each share of DKK 1 nominal value entitles the holder to one vote.

    Admission card and proxy etc.

    Registration Date:

    A shareholder’s right to participate in the general meeting and the number of votes, which the shareholder is entitled to cast, is determined in accordance with the number of shares held by such shareholder on the registration date. The registration date is 7 May 2014, and only persons who are shareholders on this date, and whose shareholding is registered in the shareholder register or has been notified the Company for the purposes of registration herein are entitled to vote and participate in the general meeting.

    Admission Card:

    A shareholder may participate in the general meeting either personally (with or without an advisor) or by proxy. Pursuant to article 9 of the Articles of Association shareholders wishing to attend the general meeting must obtain an admission card, either at the Company’s website www.simcorp.com/AGM2014 or at the Company’s registered office, Weidekampsgade 16, 2300 Copenhagen S (phone: 3544 8800 fax: 3544 8811), no later than 9 May 2014.

    Proxies and Postal Votes:

    A shareholder may vote by proxy, either by issuing a proxy to the Board of Directors or to a third party. When voting by proxy, the attorney must provide a written and dated power of attorney. The Company provides written proxy forms. A proxy must be received by the Company no later than 12 May 2014. Proxy given to the annual general meeting on 31 March 2014 shall also apply at this subsequent extraordinary general meeting, unless the proxy expressly has been revoked.

    A shareholder may vote by postal vote. The Company provides written postal vote forms. Postal votes must be received by the Company no later than 12 May 2014. Postal votes already received by the Company cannot be recalled by the shareholder.

    A written proxy form and a written postal vote form are available at the Company’s website www.simcorp.com/AGM2014.

    To ensure identification of any shareholder choosing to exercise his right to vote by proxy or by postal vote, the proxy or the postal vote must be signed by the shareholder and with capital or printed letters state such shareholder's full name and address. If the shareholder is a legal person, the relevant central business register (CVR) no. or other corresponding identification must also be clearly stated in the proxy and the postal vote. Proxies and postal votes must be sent to the Company by way of e-mail to AGM2014@simcorp.com or by mail to Weidekampsgade 16, 2300 Copenhagen S.

    Miscellaneous:

    Shareholders may in writing submit questions regarding the agenda or the Company's position in general. Questions can be submitted by way of e-mail to AGM2014@simcorp.com or mail to the address of the Company.

    The following information is available for the shareholders at the Company’s website www.simcorp.com/AGM2014: (i) this notice, (ii) the agenda with the full text of the proposals, (iii) any documents to be presented at the general meeting, (iv) the aggregate number of shares and votes at the date of notice, and (v) forms to be used by shareholders for voting by proxy or by letter.

    Copenhagen, Friday 11 April 2014

    SimCorp A/S

    On behalf of the Board of Directors

    The duration of the general meeting is expected to be very short and therefore no refreshments will be served.

     

    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 6858, +45 2811 3828)

    Company Announcement no. 21/2014

     

  • Share Buyback Program8 April 2014

    On 25 February 2014 SimCorp A/S announced a share buyback program in compliance with the provisions of Commission Regulation No. 2273/2003 of 22 December 2003, also referred to as the “Safe Harbour”.

    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 26 February to 22 August 2014.

    Since the last announcement 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:

    107,346

    210.86

    22,634,765

    31 March 2014

    1,000

    220.00

    220,000

    1 April 2014

    10,270

    215.92

    2,217,498

    2 April 2014

    9,000

    213.56

    1,922,040

    3 April 2014

    2,000

    212.38

    424,760

    4 April 2014

    0

    -

    -

    7 April 2014

    2,500

    212.16

    530,400

    Accumulated under the program following above purchases:

    132,116

    211.55

    27,949,463

     

    Following above purchases, SimCorp holds 2,340,849 treasury shares corresponding to 5.38% of the share capital.

    Purchases for an amount of EUR 6.3m (approx. DKK 46.7m) 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 6858, +45 2811 3828)

    Company Announcement no. 20/2014

     

     

     

SimCorp's Annual Report 2013Read about our performance for 2013 and our plans for 2014.Download
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Contact Investor RelationsThomas Johansen
Chief Financial Officer

+45 3544 6858
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