AllianceBernstein has selected global fintech SimCorp as its core investment partner as the firm looks to enhance its front-to-back infrastructure.
Karl Sprules
The partnership is set to build on AllianceBernstein’s existing technology, by incorporating all-in-one investment management platform, SimCorp One into its core front-to-back infrastructure.
Specifically, the offering is set to provide AllianceBernstein investment teams with greater access to centralised and real-time data, through both market-leading and proprietary trading tools.
“We look forward to transforming our firm’s existing infrastructure to empower our investment teams, serve our global clients, and scale for the future,” said Karl Sprules, chief operating officer of AllianceBernstein.
“Through SimCorp One, AllianceBernstein’s front-, middle-, and back-office platforms will be unified on a single, cutting-edge investment platform.”
Read more – MSCI and SimCorp expand partnership to enhance buy-side access to private market data
Integration of SimCorp One is currently underway, with benefits such as enhanced innovation, expertise and data efficiencies are expected to be implemented throughout AllianceBernstein’s infrastructure and investment teams.
The core investment data platform is set to be the first feature incorporated into AllianceBernstein’s front-, middle-, and back-office platforms, as part of a multi-year phased implementation.
Allen Zimmerman, head of Americas at SimCorp, said: “Innovation is rooted in AllianceBernstein’s DNA, and it has enabled their team to service some of the world’s most sophisticated clients.
“SimCorp One will help amplify AllianceBernstein’s continued competitive edge in major markets.”