SimCorp continues longstanding partnership with Deutsche Bank
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SimCorp continues longstanding partnership with Deutsche Bank 26 November 2024Singapore Reporter: Clelia Frondaroli
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SimCorp has announced the renewal of its 18 year partnership with Deutsche Bank Securities Services to continue supporting the bank’s growth strategy.
This longstanding partnership, first initiated in 2006, is said to enable Deutsche Bank to deliver integrated fund administration and accounting services to its clients across the Asia Pacific region using SimCorps investment management platform, SimCorp One.
The platform will also support Deutsche Bank’s aim to enhance current service offerings and introduce new products to clients, as well as better position the company to manage risks and meet regional regulatory requirements.
“Our partnership with SimCorp continues to provide a competitive advantage and drive scalable growth for us, with both organisations deeply committed to long-term innovation and exceptional client service. The platform’s integrated capabilities enhance our operational efficiency, allowing us to onboard clients quickly while meeting local market requirements,” enthuses Anand Rengarajan, Deutsche Bank’s head of securities services for Asia Pacific, Middle East and Africa and global head of sales.
Edward Bee, managing director and head of APAC region at SimCorp, adds: “Each country in the region has its unique regulatory environment and distinct characteristics, and our SimCorp One platform can help Deutsche Bank and other Securities Services providers operate efficiently across multiple markets with various regulatory requirements.”
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