SimCorp, a global leader in financial technology solutions, has renewed its long-standing partnership with Deutsche Bank Securities Services to drive operational efficiency and growth in the Asia-Pacific (APAC) region. Originally established in 2006, the partnership extension will enable Deutsche Bank to continue leveraging the integrated SimCorp One platform to deliver enhanced fund administration and accounting services for clients in the region.
“Our partnership with SimCorp has been instrumental in providing a competitive edge and enabling scalable growth,” said Anand Rengarajan, Deutsche Bank’s Head of Securities Services for APAC, the Middle East, and Africa, and Global Head of Sales. “The platform’s integrated capabilities not only boost operational efficiency but also enable us to meet local market requirements and onboard clients swiftly. SimCorp One aligns perfectly with our strategic goals of simplifying operations and delivering exceptional data and services to our clients.”
SimCorp is Driving Efficiency and Innovation
With SimCorp One’s automation and advanced technology, Deutsche Bank aims to streamline processes and improve scalability. The platform supports the bank’s strategy of expanding its service offerings while meeting evolving regional compliance and regulatory demands.
Edward Bee, Managing Director and Head of APAC at SimCorp, commented on the renewal: “This partnership demonstrates Deutsche Bank’s trust in SimCorp’s ability to support their growth ambitions in one of the fastest-growing financial markets globally. SimCorp One is uniquely equipped to help financial institutions navigate the diverse regulatory landscape in APAC while maintaining operational excellence.”
Growth in APAC’s Private Markets
The APAC private markets sector has witnessed robust growth in recent years, fuelled by increased allocations from sovereign wealth and pension funds. With assets under management in the region projected to rise from $18.5 trillion in 2023 to $33 trillion by 2028, Deutsche Bank and SimCorp are well-positioned to cater to this burgeoning market.
“SimCorp One supports both public and private asset classes within a single system, empowering Deutsche Bank to serve the rapidly growing wealth management community in APAC effectively,” added Bee.
The renewed partnership is expected to bolster Deutsche Bank’s efforts to innovate, expand its regional footprint, and deliver superior client services while meeting the region’s unique regulatory requirements.
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