News and announcements
  • Share buyback program 2 July 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:

    258,334

    229.43

    59,270,325

    23 June 2015

    1,000

    248.85

    248,850

    24 June 2015

    900

    249.42

    224,478

    25 June 2015

    1,200

    246.13

    295,356

    26 June 2015

    650

    257.60

    167,440

    29 June 2015

    1,200

    263.10

    315,720

    30 June 2015

    1,000

    265.91

    265,910

    1 July 2015

    1,300

    267.16

    347,308

    Accumulated under the program following above purchases:

    265,584

    230.19

    61,135,387

    Following above purchases, SimCorp holds 1,106,072 treasury shares corresponding to 2.67% of the share capital.

    Purchases for an amount of EUR 1.8m (approx. DKK 13.3m) 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. 32/2015

     

     

  • New SimCorp White Paper Examines the Challenges of Globalization in Investment Management2 July 2015

    SimCorp today released a new white paper titled “Globalization of Investment Management Firms - Overcoming the challenges of entering new markets.” The paper discusses some key considerations for investment managers in the process of globalizing their operations, with particular focus on the role of IT and operating model.

    Although globalization is not a new trend, its relevance to the investment management industry is growing. With growth rates of up to 10%, emerging markets have become increasingly popular, and any firm not thinking globally risks missing out on new revenue streams.

    Among other issues, the paper highlights the challenges of going global, including cross-border trading and clearing in securities, derivatives and foreign exchange. Furthermore, asset managers are faced with additional costs, complexity and time-to-market delays when adding foreign securities to client portfolios, not to mention the challenges of real-time support of multiple time zones, understanding of local trading and clearing practices as well as complying with local regulatory requirements.

    The white paper argues that in order to benefit from globalization, investment management firms need to adjust their operating model and make sure it is supported by the underlying IT architecture. When dealing with issues such as connecting multiple markets and counterparties, and supporting several currencies, languages and tax regimes, the paper highlights the importance of a firms’ IT system in supporting a global operating model. Whether one decides to outsource, acquire, setup a local branch, or manage operations from headquarters, the IT system acts as a key enabler.

    The paper concludes that with no one-size-fits-all approach to globalization, firms need flexibility to service their needs on a case-by-case basis across all aspects of an operating model. To deal with the high degree of complexity involved in managing global operations, only an agile and integrated IT system can support new processes and organizational stretch so that firms can operate on a global scale.

    To read the full white paper please click here.

    - - -

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

  • M&G Investments partners with SimCorp for Investment Book of Record30 June 2015

    M&G’s IBOR will be based on proven, award-winning IBOR functionality in SimCorp’s investment management solution, SimCorp Dimension. It will enable M&G to simplify its system architecture and provide greater flexibility to support new products and exploit growth opportunities. 

    Martin Lewis, Chief Operating Officer of M&G, says of the partnership: “The investment world continues to grow in sophistication and the information requirements of our fund managers grow in step. An investment book of record is essential to provide the service our business requires to make best-informed decisions for our clients. After a thorough selection process we are very pleased to partner in this initiative with SimCorp.”

    Klaus Holse, Chief Executive Officer of SimCorp, comments: “M&G drove the development of IBOR standards for the benefit of the whole industry. It is a testament to the quality of our solution that M&G has chosen to partner with SimCorp to align our product to these IBOR standards. We look forward to a long and mutually beneficial relationship.” 

    This press release expands upon SimCorp Company Announcement no. 31/2015 of June 26, 2015


    Enquiries regarding this announcement should be addressed to:
    John Mayr, SimCorp Ltd, +44 (0) 2072 60 1903/ +44 (0) 7887 51 8354


    About M&G Investments
    M&G is a leading international asset manager, known for its long-term and conviction-led approach to investing. We have been an active manager of investments for individual and institutional clients for over 80 years. 
    Today we manage assets in excess of £269.7 bn (as at 31 March 2015) in equities, multi-asset, fixed income, real estate and cash for clients across Europe and Asia. 

  • Large UK investment manager selects SimCorp Dimension26 June 2015

    SimCorp announces that it has signed a license agreement with one of the UK’s largest and longest established investment houses.

    The investment manager has selected SimCorp’s Investment Book of Record (IBOR) to provide position information across all asset classes, including cash, to be available as needed by the front office and other stakeholders. The IBOR functionality will be based on SimCorp’s investment management solution, SimCorp Dimension.

    Enquiries regarding this announcement should be addressed to: 
    Cath Rawcliffe, Vice President, Sales and Marketing, SimCorp Ltd. (+44 2072 60 1969, +44 7515 098 996)
    Jochen Müller, Executive Vice President, SimCorp A/S (+45 3544 6477, +45 6040 6477)

    Company Announcement no. 31/2015 

  • Survey Reveals More than Half of Asset Managers are Not Confident in the Accuracy of their Investment Performance Numbers23 June 2015

    A recent survey released by SimCorp revealed that 53 percent of asset managers are not confident that the investment performance figures they report are completely accurate. A total of 88 asset managers representing $22.5 trillion in assets under management participated in the survey, conducted during a recent SimCorp webinar, “IBOR: The One Source of Truth for Investment Performance.”

    This lack of confidence in reporting can be attributed to additional information revealed by the survey. For example, 80 percent of respondents confirmed that portfolio managers do not receive investment performance numbers based on intra-day position calculations. Furthermore, only 59 percent are able to look through to see the trades, prices, FX rates and classifications that are driving each portfolio’s performance numbers. Without accurate and timely information, asset managers may misreport performance data to investors and regulators or make ill-informed trading decisions, potentially putting firms at a competitive disadvantage. 

    “The investment process should be seen as an opportunity - the differentiator which enables your firm to add value for your clients. If performance data is not up-to-date, there is an inability to see what’s actually driving the performance. This casts a large doubt on the accurate tracking of investments which does not inspire investor confidence,” said Marc Mallett, Vice President of Product & Managed Services at SimCorp North America. “There is a critical need for asset managers to have access to real-time and accurate performance data, and these survey numbers show a significant gap between the tools asset managers have available and what they require to make high-quality investment decisions.”


    Enquiries regarding this announcement should be addressed to: 
    Dmitriy Ioselevich, Peppercomm Communications, dIoselevich@peppercomm.com, +1 212 931 6177
    Susan Peter, SimCorp North America, susan.peter@simcorp.com, +1 917 546 4654


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