SIMCORP The new contract includes a broad scope of new activities, including additional Front Office and ESG functionalities for CrossWise, SGSS' front-to-back integrated suite leveraging on SimCorp Dimension's functionalities, the replacement of a legacy solution for middle office OTC and Clearing, as well as new regulations, CSDR and T2S.
David Abitbol, Head of Societe Generale Securities Services, commented: "As part of our ambition to further expand our buy-side services, we are very pleased to extend this partnership with SimCorp which is key in supporting our ongoing growth strategy. This will help us to accompany the market trend for middle office outsourcing and address new market challenges such as growing demand for ESG and Alternative Investments."
Christian Kromann, Chief Executive Officer at SimCorp, said: "Societe Generale Securities Services has partnered with SimCorp for over 15 years. This agreement is great testimony to the trusted relationship and the strategic alignment between the groups. With a strong commitment to innovate, SimCorp will continue to evolve its solutions and services to address the market requirements and enable our clients to focus on their core business."
About Societe Generale Securities Services
Present in 22 locations worldwide, with 4,000 employees, Societe Generale Securities Services(SGSS)provides financial institutions and brokers, asset managers and insurers, and businesses with a full range of securities services adapted to the latest financial market and regulatory trends: clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing, fund distribution and global issuer services.
SGSS ranks among the three largest European custodians and the top ten worldwide, with EUR 4,586* billion of assets under custody. SGSS provides custody & trustee services for 3,376* funds and the valuation of 4,561* funds, representing assets under administration of EUR 697* billion.
For further information, follow us on Twitter, LinkedIn or visit SGSS's website.
*Data at end December 2021
About SimCorp
SimCorp offers industry-leading, front-to-back investment management solutions.
Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed.
With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.
For more information, please visit www.simcorp.com
Media Contacts
SimCorp: Alex McNab-Lundback - +4521314487 - alex.mcnab-lundbaeck@simcorp.com
SGSS in Paris: Lucie Le Bouffo - +33 157 29 64 90 - lucie.le-bouffo@socgen.com
SGSS in London: Clare Milton - +44 207 5973284 - clare.milton@sgcib.com
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SimCorp A/S published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 11:17:05 UTC.
