SimCorp, a provider of investment management solutions, has announced plans to combine its Northern Europe and UK market divisions. The UK unit also includes Ireland and Middle East.
Through the merger, the company aims to address the asset management industry’s changing needs as well as offer improved scale.
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The combined group will be headed by the firm’s managing director of Northern Europe Hans Otto Engkilde.
“The combination of the UK market, where we still have a large potential for attracting new clients, and the expertise from the mature Northern Europe market unit, will give SimCorp a significant competitive advantage, enabling us to optimise our operations with a larger local footprint and swifter project implementations,” Engkilde stated.
Engkilde will focus on managing the growth of the firm’s investment management specialisms covering front office, alternatives, data services, and client reporting.
SimCorp Europe, Middle East and Africa and Asia Pacific executive vice president and head Jochen Muller said: “Operating out of a larger unit will enable us to provide an even better service to existing clients, as well as attracting new clientele in the UK, Ireland and Middle East. Our commitment to the UK market and our office in London, with more than 150 employees, is foremost and remains unchanged.”
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