Victorian Funds Management Corporation (VFMC) has licensed SimCorp Dimension. Located in Melbourne, Australia, VFMC is responsible for managing investments of AU$39.7bn on behalf of 14 clients, all of whom are Victorian Government entities. VFMC will use the solution to manage front- and middle-office investment management functions, including order management, portfolio management, performance and attribution, compliance, and cash and holdings reconciliation. VFMC wants the solution to aid the centralization of some of its investment management functions and support its take over of the investment strategy role in addition to its current portfolio construction and manager selection responsibilities.
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.