StonePine Asset Management selects SimCorp for investment processing
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StonePine Asset Management selects SimCorp for investment processing 26 May 2022Denmark Reporter: Jenna Lomax
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StonePine Asset Management has selected investment management solutions firm SimCorp to support its front-to-back office investment processing.
As part of the mandate, SimCorp will also provide StonePine with operational and technical services.
The agreement will allow StonePine to run all aspects of its portfolio management, trading, and compliance processes on the same platform as its post-trade operational activities, which includes reconciliation, corporate actions and trade lifecycle management, among other capabilities.
StonePine’s portfolio management which will be supported by SimCorp accounting and operations services.
Nadim Rizk, CEO of StonePine Asset Management, says: “We are confident that the unique, consolidated front-to-back approach of SimCorp is the right choice to support our business growth.
“We appreciated how quickly the SimCorp team was able to mobilise its platform and service teams for StonePine in just a few months and we look forward to working with SimCorp in both the short- and long-term to achieve our business objectives.”
James Corrigan, executive vice president and managing director of SimCorp North America, comments: “We are very proud to partner with StonePine, whose leadership team has gained much industry recognition over the years. It is a privilege to work with a visionary team that understands how to harness the best in tech-enabled services to drive successful outcomes for their clients.”
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