Vanguard Investments Australia has chosen SimCorp Dimension to support its middle and back office investment operations services across a broad range of asset classes. Vanguard’s decision to review its investment operations platform follows 10 years of sustained growth for the company in Australia and the identification of opportunities in the wider Asia-Pacific region. The SimCorp solution will replace the existing legacy system, other associated applications and complex interfacing and reconciliation processes. It will provide trade capture, matching (Omgeo CTM)/settlement; pricing rules/valuations; cash management; corporate action management; investment accounting; Australian tax calculations and tax optimisation; unit pricing; SWIFT connectivity; performance and attribution; post-trade compliance; reconciliation; interfacing and reporting.
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.