Sparkassen Informatik, IT provider to 235 German savings banks, has chosen SimCorp Dimension as its platform for market risk management within portfolio management. The scope of the agreement is an ASP solution providing the 235 banks with SimCorp’s investment management system, SimCorp Dimension. The centrally operated system solution will comply with the requirements of savings banks within securities trading, SimCorp said. The company has also announced a second new client – a pension fund for a Dutch multinational company has also chosen SimCorp Dimension for its front, middle and back office operations. As a result of these two new orders and strong growth throughout the year, the company has increased its expectations for this year’s financial performance – upgrading the expected EBIT margin for 2004 from approximately 15 per cent to the 18–20 per cent range.
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.