Deutsche Bank renews partnership with SimCorp to deliver fund services across Asia Pacific

6 February 2020

SimCorp, a leading provider of investment management solutions and services to the global financial services industry and Deutsche Bank’s Securities Services business, today announce the renewal of their partnership, allowing Deutsche Bank to deliver integrated fund services solutions, using SimCorp Dimension, to its clients across Asia Pacific. Deutsche Bank’s renewal agreement will cover 12 markets and will support its growth in the region which converges with the Asian asset management industry’s ‘hyper growth’, set to reach USD 112 billion by 2025*.

Through this partnership, Deutsche Bank benefits from the platform’s automated end-to-end transaction flow and reports as well as greater efficiency and scalability. Deutsche Bank will also be able to continue to address key operational challenges; from managing an increasing number of global, multi-asset investment strategies, to heightening regulatory reporting whilst reducing operating costs.

In recent years, Deutsche Bank has made key investments in strategic partnerships, including its long-standing relationship with SimCorp, to drive operational efficiency for its clients, while maintaining a leading position in fund servicing across the Asia Pacific region. This has enabled Deutsche Bank’s clients to respond to market changes swiftly and scale their investments easily, without any additional technological investment on their end.

Anand Rengarajan, APAC Head of Securities Services at Deutsche Bank, said: “Following a 14-year partnership with SimCorp in Asia Pacific, we are confident that the continued innovation and feature-rich platform of SimCorp will continue to both meet our needs today and in the future. The fund services business in our region is growing rapidly and customers are demanding higher levels of service. Over the years, we have invested thoroughly in technology that can embrace these evolving needs, and this partnership is in line with this strategy.”

Oliver Johnson, Managing Director of SimCorp Asia Pacific, said: “We are pleased to announce the renewal of our partnership with Deutsche Bank. This agreement demonstrates the operational efficiencies that can be achieved through a consolidated platform, including superior services and access to new technologies and offerings, which are key in this fast-growing region. By powering the operations of asset servicers and custodians, alongside our direct partnerships with institutional investors globally, we believe SimCorp can best serve the global buy side as a whole, with a true value-added investment ecosystem.”

* Will the good times keep rolling for Asia’s asset managers, McKinsey, 2018

Enquiries regarding this announcement should be addressed to:

Mittal Shah, SimCorp PR UK/North America /Asia Pacific +001 (646) 843 1707mittal.shah@simcorp.com

Anders Crillesen, SimCorp Corporate Communications +45 3544 8800 anders.crillesen@simcorp.com

Karène Dufour, Deutsche Bank Corporate Communications +852 2203 7846 karene.dufour@db.com

About SimCorp

SimCorp provides integrated, best-in-class 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. Regardless of how you deploy it, SimCorp’s core solution, SimCorp Dimension®, and its life-cycle services support the entire investment value chain and range of instruments, all 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, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development