Allianz Dresdner Asset Management Deutschland GmbH. one of the largest German asset management firms, has chosen SimCorp Dimension investment management system to support its back office. It is one of SimCorp’s largest license agreements in Germany to date. With assets under management in excess of EUR 1,100 billion, ADAM Deutschland forms part of the Allianz Group, the world’s largest insurance group and one of the top five asset managers in the world. SimCorp Dimension will be used to support a wide range of financial instruments. It will replace ADAM Deutschland’s existing back office system structure and include SimCorp Dimension’s recently enhanced fund accounting module. The firm’s asset and fund management operations will be integrated by the new system in a unified back office environment. Additionally, SimCorp has offered ADAM Deutschland the option to extend its installation with additional workstations and SimCorp Dimension front and middle office functionality.
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.