News and announcements
  • SimCorp Dimension version 5.6 introduces the Investment Management Warehouse14 August 2014

    SimCorp has released SimCorp Dimension version 5.6, the second of its two annual software releases. 

    As SimCorp evolves its data management capabilities, version 5.6 extends the Data Warehouse Manager by introducing the Investment Management Warehouse, a comprehensive, industry standard investment management data model for buy-side asset owners and asset managers.

    The enhanced and cost-efficient Data Warehouse Manager provides the essential all-in-one toolbox to integrate data from different sources to facilitate timely, highly automated and accurate reporting. It consists of an industry data model which has been tailored exclusively for buy-side investment managers. SimCorp’s data warehousing offering augments SimCorp’s overall data management strategy of timeliness, accuracy, completeness and transparency to optimize investment decision-making at capital market firms.

    Version 5.6 also introduces a wide range of enhancements across the entire investment processing value chain including: 

    • New front office functionality to improve compliance with relevant legislation and an additional dashboard to more easily track commissions.
    • A new alerts inbox in the middle office that provides an instant overview of calculations in the risk flow. Additional enhancements in the middle office include improvements to the performance management workflow, enabling asset managers to define specific benchmarks and simplify performance calculations and reporting.
    • Back office automation of workflow processes that improve transparency and a comprehensive overview of collateral management activities across all asset classes. Enhancements in the back office area will support the further reduction of cost and operational risk.

    “We are committed to staying constantly at the forefront of developments in the financial industry. The latest release is a response to the growing need for better transparency of processes and data,” says Chief Executive Officer at SimCorp, Klaus Holse. “Our substantial and on-going investment in R&D allows us to evolve our overall data strategy of ensuring improved data quality, timeliness and accessibility, which is crucial for a firm’s ability to have complete data in the investment decision making process. SimCorp’s established investment book of record coupled with the new investment management data warehouse are at the very core of this strategy.”

    The next version of SimCorp Dimension will be released in February 2015.

    Enquiries regarding this announcement should be addressed to:
    Anders Crillesen, SimCorp Corporate Communications (+ 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.

  • SimCorp Appoints Jens Olivarius as new Head of Group Marketing & Communications11 August 2014

    SimCorp has announced the appointment of Jens Olivarius as the new Head of Group Marketing & Communications at SimCorp. 

    Jens Olivarius joins SimCorp after an impressive career at SAS Institute, where he has held several key positions both in Denmark and internationally. Most recently, Jens was senior director of Marketing & Communication for the Nordic Region. Prior to that, he held several senior leadership positions in the global marketing organization at SAS Institute’s corporate headquarters in the US, where he was located for more than 10 years.

    Commenting on the appointment Jens Olivarius said: “I am very excited about joining SimCorp. The company has an impressive history and reputation. Its world-class technology and services cater to a fascinating and dynamic industry with significant, untapped potential. I look forward to becoming part of the SimCorp team.”

    “Jens is a true luminary within his field of expertise,” said Klaus Holse, CEO at SimCorp. “His experience spans across corporate communication, marketing and sales, and he has consistently demonstrated the ability to meet targets and deliver results. We look forward to benefitting from his vast international background and to driving SimCorp’s marketing and communication efforts even further.”

    Jens Olivarius joins SimCorp’s Group Management Committee and began his new role on July 1st, 2014.

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    Enquiries about this announcement should be addressed to:

    Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)

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    About Jens Olivarius

    Senior Vice President, Head of Group Marketing and Communications at SimCorp A/S. 44 years old. Married to Jennifer Olivarius. One son; Nicolas. Education: Cand. Merc. (1994) from Copenhagen Business School including management courses at MIT Sloan School of Management. Career: 2012-2014: Senior Director of Nordic marketing and communication at SAS Institute. 2001-2011: Senior Marketing Director, SAS Inc., USA. 1999-2001: Marketing director, SAS Institute Danmark. 1998-1999: Responsible for partnerships at SAS Institute Danmark. 1996-1998: Sales Manager at SAS Institute Danmark. Board memberships: 1999-2001: The Data Warehousing Institute Denmark, 1996-2001: DDC-I.

    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.

  • New SimCorp dashboards provide simplified overview and allow informed decision-making24 July 2014

    SimCorp, a leading provider of investment management solutions and services for the global financial services industry, introduces Asset Services Dashboards and Alerts – a ‘one-stop’ set of visuals that reflect a real-time and concise overview of asset-servicing metrics and areas requiring attention. SimCorp clients using the dashboards will benefit from reduced operational cost and risk, greater transparency and improved efficiency.

    Unique to SimCorp’s dashboards is that the solution delivers real-time data, and the drill-down functionality allows users to act instantly on exceptions. Moreover, the dashboard can be personalized and used by everyone in the organization; from the COO getting an overview of business and performance targets, to the CFO getting a G/L overview, to the operational user who can have a full overview of all asset servicing activities and workloads.

    “Our clients will benefit from the improved transparency of their asset-servicing workflows. With an easy-to-use overview, the ability to identify and address any issue will save them time and enhance their ability to make fast and informed decisions,” says Anders Kirkeby, Global Domain Manager for System Architecture at SimCorp. “In addition, the heavy task of internally developing and maintaining bespoke dashboard solutions is eliminated, thus freeing up resources and saving on costs”.  

    The dashboards are implemented in a matter of hours and provide instant, real-time data with views across all asset classes, custodians/brokers, third-party settlement, and matching utilities – everything in one spot.

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

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    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 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.”

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    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.

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