Deutsche Börse set to acquire SimCorp in all cash takeover for $4.3 billion
The deal will combine Deutsche Borse’s Qontigo and ISS; will create a new investment management solutions segment.
The deal will combine Deutsche Borse’s Qontigo and ISS; will create a new investment management solutions segment.
Partnership addresses demand for integration and collaborative workflows between OMS and EMS solutions, while also optimising trading activities and meeting best execution obligations.
The partnership will give buy-side users of SimCorp's Dimension platform fully managed portfolio optimisation and risk management services.
Christian Kromann will become CEO at SimCorp from September after two years leading operations for the firm.
The partnership with SIX for reference, pricing and regulatory data is part of SimCorp’s open platform drive for its SimCorp Dimension investment management platform.
The integration aims to tackle costly fragmented investment and post-trade processes that contribute to operational risks such as high settlement trade fails.
On 27 May, the SimCorp webinar will examine buy-side front-office innovation including portfolio optimisation and responsible sourcing of sustainable investment solutions.
SimCorp said the integration of its Coric solution would allow Eastspring to minimise the amount of coordination and manual intervention required across its business.
SimCorp said the agreement with Mawer Investment Management is the latest in a series of North American front-to-back deals for the technology provider.
With Microsoft Azure, SimCorp has rolled out its Dimension platform for buy-side firms as a service in latest cloud technology development.