SimCorp announced its entry into the South African market, with new Managing Director, Brian Anderson. Backed by its supervisory board, SimCorp's entry in South Africa, will primarily focus on flexibly delivering its modular front-to-back solutions and managed services to local asset managers, state pension funds and sovereign wealth funds. It comes as many buy-side institutions in the market are seeking mature solutions to achieve cost efficient, multi-asset investment operations.

The South African buy-side industry is undergoing a transitional phase, as it looks to address a legacy of best of breed solutions and outdated systems.