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 February 2007 00:00
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Investments
Despite the dizzying technological innovations in China and the investment opportunities that come with them, Team Super chief investment officer Seamus Collins says some risks, including weaker investor protection, make him hesitant to allocate large chunks of the portfolio to the world’s second-largest economy.
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