Deutsche Bank will continue to deliver integrated fund services solutions to its clients across 12 markets in the Asia Pacific region, using SimCorp Dimension, following the renewal of an agreement between the two firms.
The agreement comes at a time of accelerated growth in the Asian asset management industry.
“Following a 14-year partnership with SimCorp in Asia Pacific, we are confident that the continued innovation and feature-rich platform of SimCorp will continue to both meet our needs today and in the future,” said Anand Rengarajan, APAC head of securities services at Deutsche Bank.
The platform provides automated end-to-end transaction flow and reports and allows for greater efficiency and scalability.
“This agreement demonstrates the operational efficiencies that can be achieved through a consolidated platform, including superior services and access to new technologies and offerings, which are key in this fast-growing region,” noted Oliver Johnson, managing director of SimCorp Asia Pacific.
In recent years, Deutsche Bank has made key investments in strategic partnerships, including its long-standing relationship with SimCorp to help it respond swiftly to market changes and scale its operational capabilities.
SimCorp meanwhile has initiated a strategic framework agreement with several asset servicers and custodians who have committed to increase their engagement with SimCorp Dimension. In turn, Simcorp actively supports their efforts with access to its latest solutions and technical expertise.