Deutsche Bank Securities Services has renewed its collaboration with fintech company SimCorp, extending a relationship that has been in place since 2006.
This renewal will allow Deutsche Bank to keep providing comprehensive fund administration and accounting services to its clients in the Asia Pacific, leveraging SimCorp One, an integrated investment management platform.
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The platform is said to aid in streamlining processes and improving scalability, while also supporting Deutsche Bank’s initiatives to refine offerings and introduce new products and services to their clientele.
SimCorp APAC region head and managing director Edward Bee said: “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.
“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.”
Asia-Pacific private markets are growing rapidly, fuelled by sovereign wealth and pension fund investments, with regional wealth expected to rise from $18.5tn in 2023 to $33tn by 2028, highlighted SimCorp.
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By GlobalDataDeutsche Bank offers a wide array of services, including retail and private banking, corporate and transaction banking, lending, asset and wealth management, as well as specialised investment banking to a diverse clientele ranging from private individuals to large institutions.
With more than 3,000 employees spanning five continents SimCorp provides integrated investment management solutions.
As a part of Deutsche Börse Group, SimCorp includes Axioma since 2024, which is a provider of risk management and portfolio optimisation solutions for the global buy side.
In September this year, Deutsche Bank settled its legal dispute with Effecten-Spiegel AG over the Postbank acquisition.
