SimCorp signs partnership with Battea Class Action Services
June 27, 2023
SimCorp announces that it has entered into a partnership with Battea Class Action Services, LLC, the global leading expert in class and collective action antitrust and securities litigation recovery services.
Over USD 15 billion is available annually to eligible claimants in global class and collective action settlement funds, but historically, less than half of eligible claimants file successfully for their share.
With Battea covering the entire securities class and collective action process, from the initial news alert through the distribution of settlement funds; SimCorp clients can now rely on an industry expert to maximize their fund recovery for a wide range of security types in all jurisdictions, leveraging the data already stored in their SimCorp platform.
“Battea Class Action Services is excited to partner with SimCorp to provide its clients with best-in-class global damage analysis and class and collective action claim filing for securities, derivatives, currencies, foreign exchange, & interest rate derivatives” says Michael McCreesh, CFA, President of Battea Class Action Services.
Anders Kirkeby, Head of Open Innovation at SimCorp comments: “At SimCorp, we identify partner options that can deliver superior service and investment outcomes. Battea is one such partner, and given their service covers the entire claims filing process and is paid for via a contingency fee-based model, it doesn’t compete for budget or internal bandwidth. Connected with the SimCorp platform, Battea will provide SimCorp clients with improved class and collective action antitrust and securities litigation recovery services immediately.”
As part of the partnership, Battea will join SimCorp's Open Platform program. The Open Platform program is an ecosystem designed to offer SimCorp clients frictionless access to innovative fintech solutions and services across the investment value chain.
SimCorp offers industry-leading, integrated 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 more than 2,200 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.
Battea Class Action Services is the global leader and expert in all stages of asserting and processing settlement claims in connection with securities, interest rate derivatives, antitrust, collective action filings, and settlement distributions. The company has been a leader in the space for over 20 years, serving more than 1,000 institutions around the world, including many of the world's biggest banks, hedge funds, and buy-side investors.
The company's deep understanding of market operations facilitates the process of identifying and computing claims losses at an expert, "full service" level, whether OTC or exchange-traded and across all instruments and execution platforms. The combined experience of the Battea team is unrivalled and brought to bear for our clients, guiding them through the entire cycle of the litigation and settlement process. For more information, visit https://battea.com.
Søren Rathlou Top, Global PR & Communications Manager
+ 45 31 15 87 06
Kevin Doyle, Global Head of Marketing
Battea Class Action Services