Genesis Investment Management has gone live with SimCorp Dimension. Genesis now bases its core fund management operations on the system, including front, middle and back office business functions. With approximately US$20bn under management, Genesis chose the solution to replace existing packaged and bespoke systems. The decision was reached after careful research of the whole market, which saw the company taking advice from an independent consultant. A major consideration was whether to take the single system or the best of breed approach.
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.