News and announcements
  • Share buyback program 21 April 2015

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.4m) in the period from 23 February to 14 August 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:

    166,252

    228.12

    37,925,633

    14 April 2015

    2,000

    238.16

    476,320

    15 April 2015

    2,200

    242.13

    532,686

    16 April 2015

    1,500

    240.82

    361,230

    17 April 2015

    6,000

    236.44

    1,418,640

    20 April 2015

    5,000

    228.40

    1,142,000

    Accumulated under the program following above purchases:

    182,952

    228.78

    41,856,509

     

    Following above purchases, SimCorp holds 1,023,371 treasury shares corresponding to 2.47% of the share capital.

    Purchases for an amount of EUR 4.3m (approx. DKK 32.5m) 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. 20/2015

     

     

     

  • New SimCorp Article Explores the Challenges of Alternative Investments20 April 2015

    SimCorp today released a new article, titled, “Alternative Investments: Attractive Opportunity Puts Demands on Your Operating Model.” The article discusses the challenges and pitfalls of alternative investments and how the operating model is consequently tested.

    In today’s market environment with declining interest rates, asset owners are seeking a substitute for traditional investments, looking at opportunities from alternative investments that seem to represent an attractive opportunity for alpha generation.

    Authored by Jørgen Vuust Jensen, an alternative investments specialist, the article discusses how alternative investments comprise a diverse set of investment types based on different investment objects that do not necessarily share the favorable attributes of traditional investments. The article looks at how the attractiveness of each investment opportunity needs to be considered in a holistic portfolio perspective.

    The article further reflects how the underlying IT infrastructure must allow for analysis of data and management of exposures and risks across all assets, as flexible support from the operating model becomes imperative once the investments increase.

    To read this article and other industry thought leadership pieces featured in The Journal of Applied IT in Investment Management, please click here.


    Enquiries regarding this announcement should be addressed to:
    Rikke Dalager, Corporate Communications, +45 35 44 88 00

  • CNP Assurances uses SimCorp Dimension to optimize the management of its financial assets16 April 2015

    After an ambitious project carried out in partnership with SimCorp, CNP Assurances has reached a key milestone with the integration of a "front-to-back-office" platform built on the SimCorp Dimension system. CNP Assurances can now optimize its management of more than €300 billion worth of assets in line with best market practices via a platform that covers all types of financial instruments and multiple accounting standards. CNP Assurances is using the platform to meet the requirements of Solvency II and to consolidate its new offers and partnerships.

    After analyzing trends in the financial markets and its investment portfolio, as well as forthcoming changes to prudential regulations, such as Solvency II, CNP Assurances decided back in July 2010 to upgrade its systems and organizational structure to optimize the management of its assets. The search for the best "yield-to-risk" ratio must now be carried out in compliance with increasingly complex financial practices and regulatory requirements. 

    After several months of business process analyses and calls for tender, CNP Assurances entered into an agreement with SimCorp, a software solutions provider already well-established in the Northern European markets. In addition to its numerous functions and its coverage of the solution's entire value chain, SimCorp successfully leveraged its techniques and tools to meet CNP Assurances' high standards.

    A SimCorp Dimension integration plan was drawn up to progressively deploy the key functions of an integrated "value chain" specifically designed for the management of assets in the insurance sector:
    • From July 2013, decisions could be based on an advanced view of positions covering a range of asset classes and taking into account multiple accounting standards, overseen on a daily basis by a middle-office team.
    • In April 2014, financial data production functions were added, providing an integrated view of financial results and forecasts.
    • In January 2015, asset accounting functions were added to complete the value chain, which now extends from asset management decisions to final accounting entries. As a result, SimCorp facilitates the audit process and the reconciliation of financial and accounting data.

    Based on this core platform, deployed in three stages, value-adding procedures and functions have been added. Examples include asset/liability management in unit-linked funds, order placement, cash flow integration, EMIR disclosures for OTC instruments and financial performance calculations.

    CNP Assurances and SimCorp invested all their financial, accounting, operational and technical expertise into this project, which continues in 2015 with the standardization of closing procedures (“multi-close” requirements) in order to comply with Solvency II.

    “The integration of SimCorp Dimension has already enabled us to standardize asset management activities while also improving the yield-to-risk ratio and adapting to changes in regulatory and prudential standards. The development of new products and services, such as high-end savings accounts and ‘euro-croissance’ contracts, has been strengthened by aligning our systems and organizational structure with the company's strategic priorities. CNP Assurances and SimCorp have invested all of their financial, accounting, operational and technical expertise into this project and are now pursuing its optimization. We are delighted to be able to continue working with SimCorp's teams," said Michel Bois, Programmes and Information Systems Director and member of the Executive Committee at CNP Assurances.

    “We are delighted to have assisted CNP Assurances, one of the leading French institutional investors, in achieving its strategic objectives for growth and operating efficiency and enabling it to adapt rapidly to regulatory changes," said Emmanuel Colson, Managing Director of SimCorp France. “The success of this very ambitious project also demonstrates the validity of the strategy that has guided SimCorp for many years. This strategy is rooted in the development of improved tools that assist all the teams involved in the asset management value chain, from the front office to the back office, within a flexible and integrated solution. CNP Assurances is the first major French institutional investor to place its trust in our company and we thank them for this. Our work with CNP Assurances also strengthens our ambitions for the French market, which plays a key role in the SimCorp group's growth strategy."

    Enquiries about this announcement should be addressed to:
    Florence de Montmarin, +33 01 42 18 86 51 or Tamara Bernard, +33 01 42 18 86 19, servicepresse@cnp.fr
    Rikke Dalager, SimCorp Corporate Communications, +45 35 44 88 00

    About CNP Assurances
    CNP Assurances is France’s leading personal insurer with net profits of €1,080 million in 2014. The Group also has operations in other European countries and in Latin America, with a significant presence in Brazil. It has more than 28 million personal risk/protection insureds worldwide and more than 13 million savings and pensions policyholders. For 160 years, CNP Assurances has been protecting people against the risks of everyday life. The Group designs and manages life insurance, pension, personal risk insurance and protection products (term creditor insurance and health insurance). 

    • In France, CNP Assurances distributes its individual insurance products through La Banque Postale and the Caisses d’Epargne, as well as through its own network: Amétis. In Brazil, its second largest market, the Group’s partner is Caixa Econômica Federal, the country’s second-biggest state-owned bank.
    • In group insurance, CNP Assurances crafts tailor-made personal risk, pension and term creditor insurance products that are aligned with the needs of companies, local authorities, mutual insurers, non-profit organizations, and banks in Europe and Latin America.

    CNP Assurances has been listed on the Paris Stock Exchange since October 1998 (the first market) and has a stable shareholder structure thanks to the signing of an agreement between its major shareholders (Caisse des Dépôts, La Banque Postale, Groupe BPCE and the French State).

  • New SimCorp ROI White Paper Reveals that Failure to Automate Client Reporting is Costly and Impedes Client Service14 April 2015

    Polls conducted by SimCorp found that 90% of asset managers spend less than 20% of their time engaged with clients, in face-to-face meetings. Despite this, 63% of poll respondents have a client reporting process that is less than 50% automated. These firms are missing a vital opportunity to free time and resources that would raise engagement levels, increase client satisfaction, cut costs and boost revenues.

    Poll respondents – including 87 wealth and asset management firms in North America and Europe – also cited ‘time and resources required’ as the most challenging aspect of preparing pitchbooks and client meeting packs,’ with ‘availability of data’ ranked second.

    According to Nicola Cowburn, Vice President, Global Marketing at SimCorp Coric: “As a result of these poll findings, which highlight the fact that ‘time is money’ for wealth and asset managers, we have created a new white paper to help these firms assess the business case for client reporting. The direct cost savings that are possible through automation of the client reporting process can run into hundreds of thousands of dollars – not just once, but in every reporting cycle. Add to that the opportunity cost of empowering client services teams to increase the length, frequency, and quality of client engagements, generating revenue and nurturing loyalty rather than administering report creation and modifications, and the business case becomes truly compelling.”

    When questioned about provision of digital and mobile delivery, only 18% of respondents offer online portal access; less than half of the 41% of respondents that deliver reports as an attachment via email.

    “This is surprisingly low, considering that today’s clients expect online access and self-service capabilities as standard, enabling them to slice, dice and view data in different formats, across different media,” commented Cowburn. “The idea is to empower institutional investors and high net worth clients with highly secure self-service tools that allow routine, ad hoc, and on demand reviews. Time spent with relationship managers and advisors can then be reserved for higher quality, more forward-looking analysis and discussion.”

    SimCorp Coric has launched a new portal dedicated to client reporting return on investment (ROI). Visitors can download the free Client Reporting: The Business Case White Paper, watch a recording of Client Reporting ROI: The Webinar, and access other related resources at www.simcorp.com/clientreportingroi.


    Enquiries regarding this announcement should be addressed to:
    Nicola Cowburn, Vice President Global Marketing, SimCorp Coric, Phone + 44 (0)1344 701988, email: nicola.cowburn@simcorp.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. 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.





  • Share buyback program 14 April 2015

    In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m (approx. DKK 74.4m) in the period from 23 February to 14 August 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:

    154,552

    227.64

    35,182,662

    7 April 2015

    2,200

    232.35

    511,170

    8 April 2015

    2,500

    233.71

    584,275

    9 April 2015

    2,800

    235.25

    658,700

    10 April 2015

    2,000

    236.32

    472,640

    13 April 2015

    2,200

    234.63

    516,186

    Accumulated under the program following above purchases:

    166,252

    228.12

    37,925,633

     

    Following above purchases, SimCorp holds 1,006,670 treasury shares corresponding to 2.43% of the share capital.

    Purchases for an amount of EUR 4.9m (approx. DKK 36.5m) 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. 19/2015

     

     

     

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+45 3544 6858
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