Societe Generale Securities Services expands partnership with Simcorp
SimCorp, an independent provider of SaaS (Software as a Service) investment management solutions, and Societe Generale Securities Services (SGSS) today announced an extension to their partnership until 2028 to promote front-to-back solutions dedicated to asset managers.
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.”
SimCorp is the world’s leading provider of integrated investment management solutions. With 50 years of experience developing state-of-the-art software for top-tier investment managers, they have evolved their solutions to meet the needs of an ever-changing marketplace. Deployed on-premises or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across EMEA, North America, and Asia Pacific.
For more information, please visit www.simcorp.com
*Figures at end December 2021