SIMCORP Chief Executive Officer at SimCorp
SimCorp enters significant partnership with Quoniam Asset Management to transform investment operations.Frankfurt, London, 17 April 2024 - SimCorp today announced a new business partnership with Quoniam Asset Management (Quoniam) to transform their investment management operations.
Quoniam Asset Management, based in Frankfurt, is a leading quantitative asset manager with over 20 billion euros in assets under management, and 25 years of experience in active systematic investment strategies. The company's innovative, science-based investment solutions for institutional clients build on machine learning and big data and are supported by best-in-class technology.
Nigel Cresswell
Chief Executive Officer at Quoniam Asset Management
Chief Executive Officer at Quoniam Asset Management
As part of the new partnership, SimCorp will provide an operational solution for Quoniam that combines the asset manager's proprietary research and portfolio construction capabilities with the functionality of SimCorp's enterprise Software as a Service (SaaS) platform.
SimCorp will not only deliver its core SaaS platform, but also a suite of technology-enabled business services for data management and investment operations.
Through these services, SimCorp will be responsible for data management services for investment operations including market and reference data, as well as undertaking their entire post-trade operations and related operational and regulatory reporting. By outsourcing operational activities to SimCorp, Quoniam can concentrate entirely on its core investment activities.
"Our lighthouse partnership with SimCorp empowers Quoniam to focus completely on adding value for our clients by creating innovative, science-based investment solutions which utilize best market practices in technology and operational efficiency. Meta-themes such as AI, cloud, and big data are exponentially increasing the demands on all asset managers and this lighthouse project with SimCorp is an integral component of our digital transformation strategy to ensure that Quoniam remains at the cutting edge of the industry," said Nigel Cresswell, Chief Executive Officer at Quoniam Asset Management.
"With SimCorp assuming responsibility for the entire middle office operations lifecycle through our business process services, we're increasing Quoniam's operational efficiency with high levels of automation. We're excited to support Quoniam in this transformation and provide a future-proof solution that supports their growth," said Christian Kromann, Chief Executive Officer at SimCorp.
Christian Kromann
Chief Executive Officer at SimCorp
Quoniam's decision to outsource their middle office operations represents a significant trend within the investment management industry. According to the 2024 Global InvestOps Report, which surveyed 200 buy-side executives worldwide about their operations, 60 percent stated that focusing on core activities by outsourcing standardized tasks is key to maintaining or growing their assets under management.
Nearly half of the respondents in the survey (45%) stated that they are reviewing their existing operating model, with three-quarters of those re-evaluating their operating model identifying the need to reduce operating costs as a primary factor. Other significant drivers for the assessment included the complexity of managing regulatory compliance (61%) and the improvement of data management and analytics (52%).
"There is a growing demand for holistic SaaS solutions and outsourcing of non-core business processes, empowering clients to efficiently select the services they need along the investment management value chain. We view our new partnership with Quoniam as a strategic milestone. It showcases our innovative approach, combining one of the strongest platforms in the industry, enhanced by an array of technology-enabled services," said Kromann.
The company has pioneered active systematic investing solutions for institutional clients in Germany and beyond for the past 25 years. The use of artificial intelligence, machine learning and big data are an integral part of its quantitative investment processes as well as the use of an innovative research cloud technology. Quoniam is an independent institutional asset manager, majority-owned by Union Investment and its managing partners.
For further information please visit: www.quoniam.com
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,000 employees across five continents, we are a truly global technology leader who empowers 40 of the world's top 100 financial companies through our integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Boerse Group.
For more information, see www.simcorp.com.
Media Contact: Søren Rathlou Top, Global PR Manager at SimCorpTel: +45 31 15 87 06
Email: Soren.r.top@simcorp.com
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SimCorp A/S published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 10:31:01 UTC.
