SimCorp continues to gain share in Australia’s funds management software market, after being chosen to replace a Bloomberg/Princeton frontoffice/backoffice combination at QBE Insurance group.
Over the next 18 months, Simcorp will progressively become the central system for the QBE investment division, beginning with accounting and investment operations, moving on to portfolio management and dealing, then adding performance analytics. Simcorp already has three Australian clients – Macquarie Funds Management Group, Challenger Financial Services and its assorted subsidiary boutiques, and the NSW Treasury Corporation. A contract with the Monetary Authority of Singapore was won and is serviced from Simcorp’s Sydney office.
20/02/2007
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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