Gulf International Bank London (GIB) has gone live with SimCorp’s Dimension asset management system. SimCorp Dimension will provide a single integrated system to support the entire front-office operation for equities, fixed income and hedge funds as well as client reporting. SimCorp claims that its solution will provide GIB with a faster evaluation process so that client reporting can be achieved in approximately half the time – reduced from ten days to five days,. The system also automates a number of processes such as cash reconciliation and performance attribution.
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.