Asset management company, Schroders, has extended the use of SimCorp Dimension to include its Asia Pacific operation. SimCorp Dimension will be installed as a regional system in Singapore and will support operations in Singapore, Hong Kong, Japan, Indonesia and Australia. Schroders’ decision to consider SimCorp Dimension for its Asia Pacific operation was prompted by Schroders UK recently choosing it to act as its portfolio book of record. In addition to being deployed as Schroders’ Asia Pacific portfolio book of record, SimCorp Dimension will also be used to manage its back office activities including accounting, settlement and performance reporting across a broad range of asset classes that include equities, fixed income, money market and derivative 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.