Deutsche Bank and SimCorp renew APAC fund services partnership
07 February Singapore
Image: Shutterstock
Deutsche Bank 网爆吃瓜 Services, which reclaimed control of the bank's agency lending business last year, has renewed its 14-year partnership with SimCorp to deliver fund services across Asia Pacific (APAC).
As part of the deal, Deutsche Bank says it benefits from the platform鈥檚 automated end-to-end transaction flow and reports as well as greater efficiency and scalability.
Additionally, the German bank can continue to address key operational challenges from managing an increasing number of global, multi-asset investment strategies, to heightening regulatory reporting whilst reducing operating costs.
Meanwhile, the renewal agreement will support its growth in the region which converges with the Asian asset management industry鈥檚 鈥榟yper-growth鈥�. The asset management market is set to reach $112 billion by 2025.
Anand Rengarajan, APAC head of securities services at Deutsche Bank, says he is confident that "innovation and feature-rich platform" of SimCorp will continue to both meet the bank's need in the region.
鈥淭he fund services business in our region is growing rapidly and customers are demanding higher levels of service," Rengarajan explains. "Over the years, we have invested thoroughly in technology that can embrace these evolving needs, and this partnership is in line with this strategy.鈥�
Oliver Johnson, managing director of SimCorp APAC, adds: 鈥淭his agreement demonstrates the operational efficiencies that can be achieved through a consolidated platform, including superior services and access to new technologies and offerings, which are key in this fast-growing region.鈥�
As part of the deal, Deutsche Bank says it benefits from the platform鈥檚 automated end-to-end transaction flow and reports as well as greater efficiency and scalability.
Additionally, the German bank can continue to address key operational challenges from managing an increasing number of global, multi-asset investment strategies, to heightening regulatory reporting whilst reducing operating costs.
Meanwhile, the renewal agreement will support its growth in the region which converges with the Asian asset management industry鈥檚 鈥榟yper-growth鈥�. The asset management market is set to reach $112 billion by 2025.
Anand Rengarajan, APAC head of securities services at Deutsche Bank, says he is confident that "innovation and feature-rich platform" of SimCorp will continue to both meet the bank's need in the region.
鈥淭he fund services business in our region is growing rapidly and customers are demanding higher levels of service," Rengarajan explains. "Over the years, we have invested thoroughly in technology that can embrace these evolving needs, and this partnership is in line with this strategy.鈥�
Oliver Johnson, managing director of SimCorp APAC, adds: 鈥淭his agreement demonstrates the operational efficiencies that can be achieved through a consolidated platform, including superior services and access to new technologies and offerings, which are key in this fast-growing region.鈥�
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