SimCorp renews partnership with Deutsche Bank to expand into APAC

By Gloria Mathias

SimCorp, a global financial technology company, and Deutsche Bank Securities Services have announced the extension of their longstanding partnership.

This renewed agreement, first set in 2006, will enable Deutsche Bank to continue delivering integrated fund administration and accounting services to its clients across the Asia Pacific region using the integrated, front-to-back investment management platform SimCorp One.

“Our partnership with SimCorp continues to provide a competitive advantage and drive scalable growth for us, with both organisations deeply committed to long-term innovation and exceptional client service. The platform’s integrated capabilities enhance our operational efficiency, allowing us to onboard clients quickly while meeting local market requirements,” said Anand Rengarajan, Deutsche Bank’s Head of Securities Services for Asia Pacific and the Middle East and Africa and Global Head of Sales. “We are confident that SimCorp One is the right platform to support our strategic goals, simplify operations, and facilitate the delivery of excellent data and services to our clients across Asia Pacific.”

Through this renewed partnership, Deutsche Bank Securities Services’ team will continue to benefit from SimCorp One’s ability to enhance operational efficiency by using automation and technology to streamline processes and improve scalability. Additionally, the platform supports Deutsche Bank’s efforts to enhance existing offerings and introduce new products and services to clients. Consequently, Deutsche Bank will be better positioned to manage risks and meet evolving regional regulatory and compliance requirements.

“We’re proud to continue and build upon our 18-year partnership with Deutsche Bank, which demonstrates their trust and confidence in SimCorp and our ability to support their growth ambitions in Asia Pacific,” said Edward Bee, Managing Director, Head of APAC region at SimCorp. “Each country in the region has its unique regulatory environment and distinct characteristics, and our SimCorp One platform can help Deutsche Bank and other securities service providers operate efficiently across multiple markets with various regulatory requirements.”

In recent years, private markets in the Asia Pacific have been experiencing significant growth, with both sovereign wealth funds and pension funds increasing their allocations. Driven by economic growth and regulatory reforms, the region has seen higher growth in assets under management over the past decade compared to the other areas.