SimCorp One will provide single platform service to integrate public and private market assets to Canadian pension investment manager
Toronto, Copenhagen 25 June, 2024 – SimCorp today announced that the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors, has selected SimCorp One to support PSP Investments’ operations for its CAD 264.9 billion of assets under management.
SimCorp One is SimCorp’s new integrated platform with functionality that covers the entire investment management workflow and key components built as cloud native.
The Montreal-based pension investor’s decision to select SimCorp One is based on a comprehensive review of its technology suite, with the goal of simplifying its investment management operations and minimizing manual processes.
“While SimCorp One is new, it’s based on more than 50 years of innovation of providing software and services to the buy side. It is engineered to provide real-time insights of the total portfolio, enabling investment managers to transform an abundance of data and numerous decision points into actionable insights,” said Christian Kromann, Chief Executive Officer of SimCorp.
“Throughout our successful collaboration, SimCorp has demonstrated a deep understanding of our operational needs, affirming our decision to choose their solution for PSP Investments strategic consolidation of public and private operations. Our project’s goal is to create a cohesive technological platform that supports total portfolio management, enabling strategic decision-making at the highest level,” said David Ouellet, Senior Vice President and Chief Technology, Data and Operations Officer at PSP Investments.
Allen Zimmerman, Head of Americas at SimCorp, said: “At SimCorp, our mission is to provide financial technology that simplifies our clients’ operations so they can make the best decisions for their customers. We’re proud to strengthen our collaboration with PSP Investments.”
PSP Investments’ strategic focus on improving data capabilities represents an industry trend. According to the 2024 Global InvestOps Report, which surveyed 200 buy-side executives worldwide about their priorities, improving data and operations support for multi-asset investment strategies was the top technology initiative planned to support strategic priorities.
“Over the past several years the investment industry has grown more complex with added regulations, increasing competition, growing customer demands, heightened uncertainty and more. And that increased complexity has caused operational pressure and produced an overwhelming amount of data, information, analysis, and decision points,” said Christian Kromann, CEO, SimCorp.
“Through our SimCorp One integrated platform, we enable better operations and ultimately, better decision making. We call this The Decision Era, reflecting a new operating reality for every one of us. We are committed to helping clients navigate the Decision Era – from the choice of operating model through to ongoing investment optimization and operational execution.”
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.
Founded in 1971, with more than 3,000 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side.
For more information, see www.simcorp.com.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $264.9 billion of net assets under management as of March 31, 2024.It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on LinkedIn.
