Investment manager

SimCorp Signs Non-Binding Memorandum of Understanding with Leading Investment Manager and Existing Client in APAC

Company Announcement No. 22/2022

SimCorp and a current client and leading investment manager based in APAC today signed a non-binding Memorandum of Understanding setting out key terms for entering into a strategic business partnership between the parties. The intention being to form a new company to provide leading, fully integrated, end-to-end investment administration services for asset managers and asset owners in Australia, New Zealandand Asia.

When translating the MOU into a final strategic agreement, this agreement will become a “big deal” for SimCorp’s software and services, including SimCorp Dimension, data management, cloud, investment accounting services and managed services, and SimCorp will release a separate company announcement regarding this.

Besides, SimCorp will carry out, within the framework of the incorporation of the new company, a minority participation in the jointly held legal entity which will take care of the operations of administration of the investments in Australia, New Zealandand Asia.

SimCorp expects to send out a press release within a week of this announcement describing the strategic partnership in more detail.

Inquiries regarding this announcement should be directed to

Christian CromannChief executive officer, SimCorp A/S (+45 2810 9090)Michael RosevoldFinancial director, SimCorp A/S (+45 5235 0000)

https://news.cision.com/simcorp/r/simcorp-signs-non-binding-memorandum-of-understanding-with-leading-investment-manager-and-existing-c,c3570367

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