Asset management company LGT Capital Partners (LTG CP) has selected SimCorp to accelerate the digitisation of its investment operations.
LGT Capital will leverage SimCorp’s cloud-based investment management platform, SimCorp Software as a Service and its distinctive data as a service solution, SimCorp Datacare, to develop its operations.
SimCorp EMEA executive vice-president and managing director Hans Engkilde said that the partnership would provide LGT with ‘agile and simplified operations that can be adapted to meet the future requirements of asset management’.
LGT CP specialises in alternative investment solutions. It currently manages over $75bn in assets and operates from 12 offices around the globe.
LGT Capital Partners Middle Office head Rene Rich said: “After an extensive due diligence process, we selected SimCorp as their combination of an integrated front-to-back platform and a holistic managed data service provides us with highly automated and future-proof investment operations.
“The managed data service also provides us with data that reflects the latest regulatory developments, enabling us to integrate these in real-time. SimCorp can support our continued focus on future developments across all our offices and in critical areas of operations.”
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By GlobalDataLast year, LTG CP was formed after LTG, the private banking and asset management group owned by Princely Family of Liechtenstein, dissolved its group structure.
Recent moves by SimCorp
In May last year, SimCorp forayed into South Africa to offer front-to-back solutions and managed services to local asset managers, state pension funds and sovereign wealth funds in the country.
In February last year, the company acquired a stake in Alkymi – a start-up that makes data instantly actionable through machine learning.
The same year, GAM Investments entered into a licence agreement with SimCorp to consolidate its operating platform.