Based in Paris, Exane is an independent investment firm with three main lines of business (Brokerage in Cash Equities, Derivatives, and Asset Management), which services a diversified European and global client base.
In an increasingly competitive environment, Exane decided to replace a technology platform consisting of a number of different systems with one single integrated solution. After a rigorous selection process including a thorough Proof of Concept, SimCorp Dimension stood out as the solution best suited to support Exane’s current and future business needs and strategy.
Benoît Catherine, Deputy CEO, commented: “We have selected SimCorp Dimension for its extensive functional scope, especially in the derivatives area, as well as its proven ability to automate middle and back-office processes. The implementation of SimCorp Dimension will enable us to scale for growth while improving our post trade processes. The first phase of the project will start in June 2016 and is expected to be extended to other business lines in the future.”
Emmanuel Colson, Managing Director at SimCorp France, commented: “We are very pleased to welcome Exane in our growing community of French and international clients. Exane is a key player in the European derivatives space and their choice of SimCorp Dimension is a tribute to the system’s ability to support and ease our clients growth by removing operational complexity and the associated risk.”
Founded in 1990, Exane is an investment firm specialising in 3 businesses:
- Cash equities: Under the brand name Exane BNP Paribas, Exane provides institutional investors with a range of services, such as research, sale and execution on European equities.
- Derivatives: Exane Derivatives has built robust franchises in structured products, equity options and convertible bonds.
- Asset management: The asset management arm of the Exane Group is embodied by its 2 asset management companies, Exane Asset Management and Ellipsis AM, based respectively on the equity, and credit and convertible bonds universes
For more information, please visit www.exane.com.
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ 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:
Anders Crillesen, SimCorp Corporate Communications (+45 3544 6474) Anne Kermarrec, SimCorp France (+33 1 55 35 54 54)