The BNP Paribas group has been a SimCorp client since 2013 and uses SimCorp Dimension across its front-to-back investment value chain in several regions (EMEA / Americas). The new contract encompasses a global licence agreement for the next 6 years and is in line with BNP Paribas Securities Services’ roadmap, including investment accounting services, advanced interoperability options and transition to new regulations (LIBOR and CSDR).
In parallel, BNP Paribas Securities Services and SimCorp are pursuing their joint initiative to develop front to back seamless integration between SimCorp Dimension and BNP Paribas Securities Services’ custody services, aiming to enhance operational efficiency through increased transparency and timely information delivery for the benefit of their common clients.
Arnaud Claudon, Head of Asset Owners & Managers Client Lines at BNP Paribas Securities Services, comments: “Our focus is to provide a state-of-the-art range of accounting solutions for our institutional clients. SimCorp Dimension has been a solid cornerstone of our operating model for several of our key strategic clients for many years. This substantial mandate extension is an important milestone that will enable us to foster the delivery of our strategic objectives.”
Hans Otto Engkilde, Managing Director of SimCorp EMEA, adds: “BNP Paribas Securities Services is a key client for SimCorp. This strategic partnership demonstrates our strong expertise in investment accounting and highlights our commitment to innovate and our ability to enable our clients to increase their operational efficiency. We look forward to pursuing this close and trustful collaboration and supporting BNP Paribas Securities Services to scale and achieve their long-term strategic ambitions.”
About SimCorp
SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 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, with regional offices across Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
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