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November 17, 2022

SimCorp signs first African client

SimCorp, an independent provider of investment management solutions, has announced it has expanded into Africa with the signing of a SimCorp Dimension agreement with its first African client.

The agreement will enable the client to modernize its operations, become more efficient, invest into more asset classes globally and adapt to ever changing market conditions with a vision to become a regional leader within their field.

This agreement marks the latest addition, where this type of client have chosen SimCorp as business partner and solution provider to better support their needs. The international markets are becoming increasingly complex with challenging interest rate environments, increasing regulation, new market conventions and faster communication. In addition, increased automation throughout the investment lifecycle will create improved Straight Through Processing (STP) for the client, eliminating data errors and reducing manual intervention, so that its resources can focus on more high-value tasks. SimCorp Dimension provides world-class support for treasury management and investment management covering trading, portfolio management, compliance, valuation, risk management as well as investment accounting and reporting.

Hans Otto Engkilde, Managing Director for EMEA, SimCorp commented on the agreement:
“It is a great privilege to welcome this new client onto the SimCorp platform. This agreement underlines our ability to deliver a best-in-class solution to this type of client around the globe. This, together with our approach to investment management and integrated data, more than meets the needs of a client of this size, allowing them greater control and agility to secure stable markets. With a better, holistic view of all aspects of their operations, the client will be able to easily analyze and act on data and ensure increased governance and transparency.

Hans Otto Engkilde continues “In addition, this partnership marks our entry into Africa, and is a testament to our dedication to the region. We look very much forward to building a strong partnership with this new client and supporting them in their mission of ensuring future growth.”

About SimCorp

SimCorp offers industry-leading, front-to-back investment management solutions. Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed. With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.

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