SimCorp and Deutsche Bank Securities Services have extended their 18-year partnership, enhancing financial technology and fund administration solutions across Asia Pacific since 2006.
This renewed agreement ensures Deutsche Bank can continue leveraging the SimCorp One platform to deliver integrated fund administration and accounting services to clients in the region, according to FF News.
The extension enables Deutsche Bank to continue enhancing its operational capabilities, using SimCorp One to onboard clients quickly and meet local market needs.
The platform’s automation tools improve scalability and operational efficiency, helping Deutsche Bank deliver innovative products and services while managing compliance risks in a complex regulatory landscape.
The partnership comes at a time of significant growth in Asia Pacific’s private markets, driven by sovereign and pension fund allocations and regulatory reforms.
Wealth management assets in the region are expected to grow from $18.5tn in 2023 to $33tn by 2028.
“Our partnership with SimCorp continues to provide a competitive advantage and drive scalable growth for us, with both organizations deeply committed to long-term innovation and exceptional client service. The platform’s integrated capabilities enhance our operational efficiency, allowing us to onboard clients quickly while meeting local market requirements,” said Anand Rengarajan, Deutsche Bank’s Head of Securities Services for Asia Pacific and the Middle East and Africa and Global Head of Sales. “We are confident that SimCorp One is the right platform to support our strategic goals, simplify operations and facilitate the delivery of excellent data and services to our clients across Asia Pacific.”
“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,” said Edward Bee, Managing Director, Head of APAC region at SimCorp. “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.
“With SimCorp One supporting the full investment lifecycle for both public and private asset classes within a single system, we are well-positioned to serve the fast-growing Asia Pacific asset and wealth management community. SimCorp is committed to ensuring our clients have an operating model that enables scalable growth, regardless of geography and jurisdiction, and wherever they are in their growth journey.”
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