SimCorp’s front office solution to boost investment strategies for Jyske Capital

By Megha Bhattacharya

SimCorp today announced a new agreement with Jyske Capital, the asset management arm of Denmark-based Jyske Bank Group. Jyske Capital aims to expand the utilisation of SimCorp Dimension along with the addition of the Order Manager solution. The new Order Manager solution is expected to deliver consolidated and enhanced trade management. The collaboration will enable the asset manager to increase its trading strategies, within a fixed cost base.

Henning Mortensen, Head of Jyske Capital commented, “SimCorp’s scalable front office solutions will enable Jyske Capital to benefit from consolidation across the asset management business arm, creating significant operational efficiency and cost reductions across the group. This will not only aid our long-term growth objectives but also in the short term, boost our collective capabilities in the front office, and enable us to put even more focus on delivering solid and professional solutions to our clients.”

According to SimCorp, its open front office solution offers a foundation for optimising trades, enabling faster execution, with its intuitive and streamlined workflows. The solution comprises an integrated Investment Book of Record (IBOR), to deliver multi-asset coverage across investment strategies.

Recently, SimCorp announced the successful SFTR go live at the European pension fund, PGGM. The company’s SFTR solution, in partnership with deltaconX, has enabled PGGM to transition easily in the first month, with the processing of over 320 trades and over 590 valuations.

Hans Otto Engkilde, Senior Vice President and Managing Director, SimCorp EMEA added, “Jyske Capital joins a fast-growing global community of clients choosing SimCorp Dimension in the front office. Combining the industry’s leading and integrated Investment Book of Record (IBOR), with a highly-automated approach, enables our clients to benefit from scalable, low cost operations, and more accurate positions and cash data for superior decision making. Ultimately, this expertise will provide Jyske Capital with a complete offer to successfully meet its growth objectives and operational needs, while also competing effectively.”