News and announcements
  • 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

     

     

     

  • IBOR technology critical to front office success, argues new whitepaper7 April 2014

    SimCorp StrategyLab, a private research institution sponsored by SimCorp, has released a new whitepaper, which examines the increasingly critical role played by an investment book of record (IBOR) in allowing investment managers to gain a competitive edge.

    The paper explains how the IBOR – defined as a real-time position-keeping record that provides up-to-date information about current, projected, and historical positions and cash – has become essential in today’s trading environment. Not least firms that operate on disparate systems across multiple providers, or with parts of their operations outsourced, will often have difficulties in providing a timely and accurate overview of available positions and investible cash.

    This overview is critical for the front office to make well-informed investment decisions and effectively manage risk, particularly in an environment with increasing asset class complexity. In addition, regulatory demands are putting greater pressure on the need for quick access to consolidated data.

    “Without accurate real-time position-keeping across all asset classes and covering events such as collateral, the front office will often be forced to spend valuable time reconciling and keeping own position records, though still facing the risk of wrong decision making and non-optimal use of assets,” said Marc Schröter, Head of SimCorp Strategic Research and one of the contributors to the paper. “An IBOR presents a ‘single version of the truth’ which gives firms the critical and accurate overview essential to maintaining a competitive edge and managing risk.”

    The paper highlights 10 key requirements for investment management firms seeking to implement an IBOR, which will best position them for future growth and equip them to manage their data issues effectively. These touch a number of areas, including full instrument coverage to accommodate the widened investment universe, tracking of the position lifecycle and cash and security forecasting to cope with increasing demands for collateral. In addition, it should allow a firm to identify its entire exposure to a single counterparty at speed in the event of market pressure.

    It concludes by examining how an IBOR can be used to counteract the dangers of so-called legacy systems, where firms are reliant upon overlapping, ageing technology, which has been updated piecemeal over a number of decades, by drawing on these separate sources to provide a real-time overview.

    To download a copy of the paper, please click here.  


    Enquiries regarding this announcement should be addressed to:

    Anders Crillesen, SimCorp Corporate Communications (+45 3544 6474)


    Media Contacts:
    Sophia Morrell, Greentarget, (+44 207 324 5487), sophia.morrell@greentarget.co.uk


    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 solutions, please visit www.simcorp.com/solutions.

  • Business transacted at the annual general meeting31 March 2014

    Today, 31 March 2014, SimCorp A/S held its annual general meeting, at which the following were adopted:

    Financial year 2013 and 2014

    • The Company’s audited annual report 2013.
    • The amendment of the Company’s remuneration and incentive policy and the remuneration of the Board of Directors for 2014.
    • Distribution of profit according to the adopted annual report 2013. The dividend will be DKK 4.00 per share of DKK 1 and the remainder is transferred to next year.

    Elections

    • Re-election of Jesper Brandgaard as chairman and Peter Schütze as vice chairman of the Board of Directors.
    • Re-election of Hervé Couturier and Simon Jeffreys as members of the Board of Directors.
    • Election of Patrice McDonald as new member of the Board of Directors.
    • Election of PwC as the Company’s new auditor.

    Shares and capital

    • Reduction of the Company’s share capital by cancellation of part of the Company’s own holding of shares. The Company’s shares are reduced by DKK 2,000,000 from DKK 43,500,000 to DKK 41,500,000. However, not enough capital was represented at the meeting in order to pass this proposal, and thus an extraordinary general meeting will be summoned.
    • Authorisation to the Board of Directors, in the period until the next annual general meeting, to purchase own shares of up to 10% of the share capital, inclusive of the Company’s current holding of own shares.

    Language

    • Approval of the proposal to prepare and present the Company’s future annual reports and interim reports in English.

    Composition of the Board of Directors and its committees

    At a board meeting held in immediate continuation of the general meeting, the Board of Directors appointed the following members of the audit committee. The Board of Directors and the audit committee are now composed as follows:

    • Jesper Brandgaard (chairman)
    • Peter Schütze (vice chairman)
    • Hervé Couturier
    • Simon Jeffreys (chairman of the audit committee)
    • Patrice McDonald (member of the audit committee)
    • Jacob Goltermann (employee representative and member of the audit committee)
    • Raymond John (employee representative)

    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. 19/2014

SimCorp's Annual Report 2013Read about our performance for 2013 and our plans for 2014.Download
Stock Chart
Stay UpdatedReceive email notifications about press releases, company announcements, and stock exchange info.Sign up
InvestorPortalReceive information about activities and investment news.Sign up here
Contact Investor RelationsThomas Johansen
Chief Financial Officer

+45 3544 6858
Send Email