DekaBank, a German financial institution with managed assets of approximately €197bn and central asset manager of the savings banks’ finance group, has chosen SimCorp Dimension for fund accounting and depositary banking services, among other areas. Additionally, SimCorp has announced that Vanguard Investments Australia has licensed SimCorp Dimension. Located in Melbourne, Australia, Vanguard provides index linked funds to institutional and retail clients. Vanguard plans to use the solution to support middle and back office investment management operations across a broad range of asset classes. These new SimCorp Dimension orders do not change the company’s expectations to the year’s results.
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.