News and announcements
  • SimCorp Derivatives Processing Poll Reveals that the Buy Side Still Grapples with Workarounds and Manual Processes21 July 2014

    SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced results from a survey conducted during a recent webinar entitled, “Optimizing Derivatives Processing: ‘Alpha-tize’ your Infrastructure and Take Control of Capital.” With asset managers globally placing increasing emphasis on derivatives strategies, the poll aimed to gauge the importance of STP for derivatives processing. Respondents included over 150 executives from capital market firms mainly in North America.

    Key Poll Finding:

    • 74% consider STP to be extremely important when it comes to derivatives processing.

    However, further poll results revealed:

    • 79% still rely heavily on spreadsheets and manual processes when processing derivatives.
    • 84% need to create workarounds to support derivatives in their current middle and back office operations.
    • 82% require at least two months to model and launch new derivatives products and sometimes significantly more utilizing their current systems.

    “These figures indicate that there is an awareness amongst firms that there may be new, improved solutions that will allow them to gain a competitive advantage, but perhaps skepticism about how to move ahead,” explained Janelle Wiggans, Senior Consultant & Operations Specialist at InvestTech Systems Consulting. “STP has always been important, but in recent years, due to changes in the OTC derivative space, the need for front-to-back STP has become even more critical. Operations teams should look to use STP wherever possible throughout the derivatives lifecycle in order to increase efficiencies, reduce processing time and dependency on manual ‘systems’ and spreadsheets, to provide transparency into audit trails and to ensure accurate reporting to management.”

    “The derivatives market, especially OTC derivatives, presents its fair share of challenges. Individual derivatives trades can have a substantial effect on the portfolio in terms of exposures to various market factors,” said Jørgen Vuust Jensen, Domain Manager, Business Foundation & Financial Instruments at SimCorp. “Therefore, having technology in place that streamlines processes and provides a constantly updated consolidated view on the portfolio composition becomes essential.”

    ---

    Enquiries regarding this announcement should be addressed to:          
    Susan Peter, SimCorp North America (+ 1.917.546.4654)

    Media Contacts:
    Kevin Maher/Alyssa Scott, 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. 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.

  • Notenstein Private Bank chooses SimCorp Dimension to support its growth strategy within asset management 17 July 2014

    SimCorp today announced that Notenstein Private Bank, which has assets under management of CHF 20bn, has selected SimCorp Dimension as its new software solution for front and middle office operations.

    Notenstein Private Bank, which is a subsidiary of Raiffeisen Schweiz, aspires to be among the top three private banks in Switzerland. To expand its institutional business, the banking house has decided to enrich its current system environment with SimCorp Dimension’s state-of-the-art solution.

    “Our decision was the result of a comprehensive selection process involving both Swiss and global solution vendors. This process included on-site due diligence at other asset managers,” explains Andreas Knörzer, Head of Asset Management at Notenstein Private Bank. “By choosing SimCorp Dimension we have set the foundation for the planned growth and expansion of our client services.”

    “The increasing demands and growing competition in the asset management industry dramatically increases the need for a powerful front office solution,” adds Frank Häusgen, Senior Sales and Account Manager at SimCorp, who is responsible for new business development in Switzerland. “SimCorp Dimension is a robust solution that combines portfolio management capabilities including trading and compliance with performance and risk measurement – it seamlessly integrates front to back office processing on a single platform. Additionally the flexibility of our solution allows specific setups for various sizes of institution and gives our clients confidence in a future-proof solution that keeps pace with regulatory changes.”

    Enquiries regarding this announcement should be addressed to:
    Oliver Widmann, SimCorp Central Europe, +49 (0) 6172 9240-0 (535)
    Northoff.Com Public Relations, +49 (0) 69 408980-00

    Company profile Notenstein Private Bank Ltd
    Notenstein Private Bank Ltd specializes in asset management for private and institutional clients. The St. Gallen-based private bank has 12 branches throughout Switzerland, employs around 700 staff and manages client assets of CHF 20 billion. Notenstein Private Bank is a subsidiary of Raiffeisen Switzerland. Further information is available at www.notenstein.ch..

    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.

  • SimCorp launches new Legal Rule Set Service to comply with increasing compliance demands14 July 2014

    SimCorp today announced the launch of its Legal Rule Set Service for fund managers – initially for Germany, Luxembourg and Switzerland.

    SimCorp client, Swiss & Global Asset Management, has been piloting the new service offering. Swiss & Global Asset Management is part of GAM Holding AG, an independent, pure-play asset management group. The group has assets under management of CHF 115.3 billion (as at 31 March 2014). Swiss & Global Asset Management uses the new Legal Rule Set Service to comply with Swiss, German and Luxembourgian regulation.

    SimCorp continuously monitors the legal environment and keeps in touch with industry organizations, regulators and auditors to keep abreast of new rules affecting securities and derivatives processing. Users receive immediate notification of any new rules or changes that require system upgrades, as well as frequent regression tests to ensure compliance with legal rule sets. By taking over this responsibility, SimCorp frees internal client resources from maintenance and monitoring tasks and instead lets them focus on their core business.

    “So far, we already cover more than 400 legal investment restrictions and the number is growing” says Carsten Kunkel, Head of Legal Practices at SimCorp Central Europe. “With our well-equipped Regulatory Center of Excellence, we are ready to serve our clients for any future update to come.”

    Currently, four SimCorp Dimension clients have opted for the new service, which is intended to be rolled out globally.


    Enquiries regarding this announcement should be addressed to:
    Oliver Widmann, SimCorp Central Europe, +49 (0) 6172 9240-0 (535)
    Northoff.Com Public Relations, +49 (0) 69 408980-00


    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.

  • BMO Global Asset Management Realizes Significant Gains with SimCorp IBOR9 July 2014

    SimCorp, a leading provider of investment management software and services for the global financial services industry, today released an in-depth video describing the benefits BMO Global Asset Management has realized since the firm has been utilizing SimCorp Dimension, as its ‘golden copy’  investment book of record (IBOR).

    View video

    Watch the video to learn how BMO:

    • Has grown the firm’s fund family by 40%
    • Is now able to onboard 3-4 SMA clients per week
    • Has consistent data feeding all front-to-back systems in near real-time 

    Todd Healy, Head of Investment Operations at BMO Global Asset Management comments, “With SimCorp as our IBOR, we are able to analyze client portfolios faster, and share the information expediently amongst our investment analysts, traders, portfolio managers and executives. All of us can read from the same book of record at the same time. This is huge – it allows us to make better investment decisions for our clients. Ultimately the main beneficiaries of the SimCorp IBOR are BMO Global Asset Management’s clients.

    “While many in the industry continue to debate the merits of the IBOR, BMO Asset Management is a step ahead and has substantiated the value of having a single book of record for the firm’s clients,“ notes Klaus Holse, CEO at SimCorp. “The IBOR’s ability to support exposure and performance measurement in near real-time is a key differentiator for institutional asset managers who have to demonstrate the risk controls in place when pitching for new clients. We are pleased that SimCorp was selected to provide our IBOR solution to a world class organization like BMO Global Asset Management.”

    To view the full video, please visit here.

     - - - 

    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.

    - - -

    Enquiries regarding this announcement should be addressed to: 

    Susan Peter, SimCorp North America, +1 917-546-4654

    Media Contacts:

    Kevin Maher/Diana Alickaj, Cognito, +1 646-395-6300, simcorp@cognitomedia.com

  • SimCorp StrategyLab Calls for Entries For The Annual Excellence Awards 20142 July 2014

    SimCorp StrategyLab, a private research institution, headed by Ingo Walter, professor at the Stern School of Business, New York University, has announced the call for entries for the 2014 SimCorp StrategyLab Excellence Awards. The SimCorp StrategyLab Excellence Awards recognize innovation and outstanding performance across the global investment management industry.

    Ongoing challenges in the investment management industry have increased focus on risk management, cost control, and growth opportunities. In 2009, as a direct response, SimCorp StrategyLab established three awards that recognize outstanding and innovative industry leaders in their ability to respectively mitigate risk, reduce cost, and enable growth. For the sixth year in a row, SimCorp StrategyLab acknowledges global investment management companies that have demonstrated their excellence in meeting these individual challenges.

    An international panel consisting of renowned experts and thought leaders in finance, economics and applied IT will evaluate the submissions. Winners will be announced on September 18, 2014, at a ceremony in Paris, where they will be recognized in front of more than 400 of their global industry peers.

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

    Submission deadline is August 29, 2014. Further information about the awards can be found at www.simcorpstrategylab.com/excellenceawards 

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    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, VP Operations, SimCorp StrategyLab (+45 35 44 88 00)

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    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 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. www.simcorpstrategylab.com

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