SimCorp has announced two orders for its flagship investment management system, SimCorp Dimension. One order has come from the Monetary Authority of Singapore (MAS), which administers various Singaporean statutes relating to money, banking, insurance, securities and the financial sector in general. MAS, SimCorp’s first client in Singapore, has selected SimCorp Dimension as the platform for front-to-back operations for its funds under management. The second order has come from Bank Julius Baer, a private bank in Switzerland with some 1800 employees and more than CHF130bn in assets under management. Its SimCorp Dimension system will provide a platform for front to back operations within its asset management business line.
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.