Tapiola Asset Management has chosen Dimension as its future asset management platform. Recently, Tapiola increased its focus on asset management by merging Tapiola Asset Management into Tapiola Fund Management Company, which now has approximately €5.1bn assets under management. SimCorp Dimension will replace a local standard and cover front-to-back office operations including accounting and fund administration. In addition, Ethias Insurance has chosen Dimension for its front, middle and back office operations. The solution will be used to manage its €26bn assets under management. The implemented solution is intended to improve the investment management process at the company and will include (among others): cash management, performance, risk, compliance, accounting (including IFRS), legal reporting and fund administration for a broad range of financial instruments.
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.