SimCorp is to open a new office in Tokyo, Japan to expand its Asia Pacific (APAC) operations.
The new office will offer SimCorp’s full suite of integrated solutions to the country’s asset management industry.
The expansion of SimCorp’s APAC operations will support the transformation of fund operations in the Japanese market, at a time when investors are adopting more global, high yielding investment strategies.
According to SimCorp, its presence in the Japanese market will further strengthen the engagement with Japan’s investment firms, to replace much of the outdated technology that dominates fund operations, including vital front office systems.
The new office will be open on 11 October 2018.
Klaus Holse, CEO of SimCorp, said: “Over the past two decades, SimCorp has significantly grown its footprint in APAC and the region remains important in our global expansion. Following several years of success and recognition received from clients who already rely on SimCorp Dimension in Japan, we believe now is the right time to enter this market.”
He added: “Our entry into Japan is particularly significant, given that its asset management industry is expected to play a greater role in opening up the flow of funds to the global markets.”
Oliver Johnson, managing director of SimCorp APAC, commented: “Domestic asset managers are increasingly looking to diversify their investment portfolios, especially into new and complex asset classes such as alternatives and derivatives, as they search for higher yield.”
He added: “There has also been an increasing focus on cost reduction and a growing need to simplify the system landscape, from order management systems in the front office, through to back office accounting systems.”
“We are excited to open this new office in Tokyo and, alongside our local partners, look forward to providing Japanese investment firms with the investment management solutions and full-service offerings, they are currently seeking.”
