Irish Life Investment Managers (ILIM), one of Ireland’s largest investment management companies, has selected TMS2000, SimCorp’s investment management system. The system will support up to 50 users at ILIM, which is a subsidiary of Irish Life & Permanent plc with more than EUR14bn of assets under management. Replacing four core back office systems, TMS2000 will be used for ILIM’s investment accounting, straight through processing and unit pricing across its entire client portfolio as well as providing full support for its multi-tiered unit fund structures and complete back office support for its treasury operation. In 2001 ILIM conducted a very detailed review of the market. It required a system that would conform to its IT strategy, which is to have an integrated enterprise-wide architecture encompassing front and back office applications. After looking at ten systems in detail and after considering the option of enhancing its existing systems architecture, ILIM found that SimCorp’s TMS2000 was the system that best met its needs.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.