SimCorp makes push into managed services
The Danish vendor is in the early stages of moving into accounting services. In later phases, it plans to expand services across the back and front office.
Investment firms are seeking to outsource more of their back-office functions to buy-side service providers. Investment management solutions provider SimCorp, which has always positioned itself as a pure technology vendor, is now also offering managed services to cater to this transition.
Jochen Mueller, executive vice president and chief commercial officer at SimCorp, says asset managers are demanding more from their third parties in areas like accounting, expecting vendors to take more
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