SimCorp and Domos FS partner to offer cross-asset solutions

By Joy Dumasia

SimCorp, an independent provider of SaaS investment management solutions, has entered into a partnership with Domos FS, resulting in the first-ever complete front-to-back-office investment management offering covering both public and private markets for asset managers, asset owners and service providers. The partnership is further reinforced by SimCorp taking an initial minority stake in Domos FS.

The partnership will allow SimCorp to integrate the cutting-edge Domos General Partner SaaS solution into its partner ecosystem. The new offering includes machine learning assisted document processing, intelligent cashflow forecasting, daily exposure calculation, a next-generation investor portal, standardised partnership accounting and automated regulatory reporting.

The partnership has been created in response to the increased use of alternatives in recent years by a wide range of asset managers and asset owners and the operational challenges this has presented for existing and new investors in these asset classes. In particular, the rise of traditional asset managers investing heavily in private markets has highlighted that legacy tools are often not fit for purpose, as the requirements for front and back-office solutions have evolved rapidly.

Christian Kromann, CEO of SimCorp, comments: “Our clients are increasingly looking for more integrated service offers. Through our partnership with Domos, we are accelerating our move to offer integrated best-in-class technology solutions as a service to our client base. We believe that servicing clients efficiently means relying on and investing in state-of-the-art technology solutions, and our business model is designed to ensure we can offer this through our partner ecosystem. We are excited to join forces with Domos to provide the only truly cross-asset front-to-back investment management offering on the market.”

Arnaud Vinciguerra, CEO of Domos FS, said: “SimCorp is a leader in the buy-side market and is recognised as such by its clients. This partnership presents a fantastic opportunity to accelerate our market footprint though a strong collaboration where we have seen a great technology, products and not least a seamless cultural fit.”