SimCorp, a leading global financial technology company, and Deutsche Bank Securities Services announced the extension of their longstanding partnership.
This renewed agreement, first set in 2006, will enable Deutsche Bank to continue delivering integrated fund administration and accounting services to its clients across the Asia Pacific region using the integrated, front-to-back investment management platform, SimCorp One.
“Our partnership with SimCorp continues to provide a competitive advantage and drive scalable growth for us, with both organizations 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,” said Anand Rengarajan, Deutsche Bank’s Head of Securities Services for Asia Pacific and the Middle East and Africa and Global Head of Sales. “We are confident that SimCorp One is the right platform to support our strategic goals, simplify operations and facilitate the delivery of excellent data and services to our clients across Asia Pacific.”
Through this renewed partnership, Deutsche Bank Securities Services’ award-winning team will continue to benefit from SimCorp One’s ability to enhance operational efficiency by using automation and technology to streamline processes and improve scalability. Additionally, the platform supports Deutsche Bank’s efforts to enhance existing offerings and introduce new products and services to clients. Consequently, Deutsche Bank will be better positioned to manage risks and meet evolving regional regulatory and compliance requirements.
“We’re proud to continue and build upon our 18-year partnership with Deutsche Bank, which demonstrates their trust and confidence in SimCorp and our ability to support their growth ambitions in Asia Pacific,” said Edward Bee, Managing Director, Head of APAC region at SimCorp. “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.”
In recent years, private markets in Asia Pacific have been experiencing significant growth, with both sovereign wealth funds and pension funds increasing their allocations. Driven by economic growth and regulatory reforms, the region has seen higher growth in assets under management over the past decade compared to other regions. The wealth management industry is forecasted to expand from USD 18.50 trillion in 2023 to an USD 33.00 trillion by 2028.
“With SimCorp One supporting the full investment lifecycle for both public and private asset classes within a single system, we are well-positioned to serve the fast-growing Asia Pacific asset and wealth management community. SimCorp is committed to ensuring our clients have an operating model that enables scalable growth, regardless of geography and jurisdiction, and wherever they are in their growth journey,” said Edward Bee.