Frankfurt-based Deutsche Bank has renewed a technology partnership to deliver fund administration and accounting services in Asia.
Deutsche Bank has renewed a technology partnership with SimCorp – a Copenhagen-headquartered investment management solution provider and subsidiary of Deutsche Börse Group – according to a statement.
This will enable the German lender to continue delivering integrated fund administration and accounting services to its clients across Asia Pacific using SimCorp One, a front-to-back investment management platform. The platform will also support the bank’s efforts to enhance existing offerings and introduce new products and services to clients while managing risks and meeting regulatory and compliance requirements.
18-Year Tie-Up
First formed in 2006, the latest extension will further an 18-year partnership between the two companies.
«[SimCorp] platform’s integrated capabilities enhance our operational efficiency, allowing us to onboard clients quickly while meeting local market requirements,» commented Anand Rengarajan, Deutsche Bank’s head of securities services for APAC and the Middle East and Africa and global head of Sales.
«With SimCorp One supporting the full investment lifecycle for both public and private asset classes within a single system, we are well-positioned to serve the fast-growing Asia Pacific asset and wealth management community,» added Edward Bee, managing director, head of APAC region at SimCorp.
