LGT Capital Partners, a global specialist in alternative investing with US$75 billion assets under management, has signed an agreement with SimCorp to advance digitisation of its investment operations and support global scale and growth. The contract has a committed average annual value of €2 million and covers the use of SimCorp’s cloud-based investment management platform, software-as-a-service, and data-as-a-service solution DataCare.
Head of middle office at LGT Capital Partners, which is London-based and operates from 12 offices around the world, comments: “After an extensive due diligence process, we selected SimCorp as its combination of an integrated front-to-back platform and a holistic managed data service provides us with highly automated and future-proof investment operations. The managed data service also provides us with data that reflects the latest regulatory developments, enabling us to integrate these in real time. SimCorp can support our continued focus on future developments across all our offices and in critical areas of operations.”
Hans Otto Engkilde, executive vice president and managing director at SimCorp EMEA, adds: “With our consolidated solutions delivered as a service and reinforced by the cloud, we are confident we can provide LGT Capital Partners with agile and simplified operations that can be adapted to meet the future requirements of asset management.”