A partnership between SimCorp and Clearstream will bring together key Ops offerings.
Clearstream’s post-trade offerings will become part of SimCorp’s integrated, front-to-back office investment platform, known as SimCorp One, as a result of a new partnership between the two companies, officials say.
SimCorp is a provider of investment management solutions, while Clearstream offers fund dealing, distribution, digital, and data services to more than 55 fund markets worldwide, officials say. Clearstream also operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. Both are part of the Deutsche Börse Group.
“SimCorp’s clients are now able to enjoy integrated access to Clearstream’s fund data solutions via its Kneip platform to disseminate data, documents, and regulatory reporting for their funds,” according to the announcement. “It gives SimCorp clients the opportunity to outsource these tasks.”
In addition, “Clearstream and SimCorp will explore the inclusion of further fund and securities services, including fund distribution on the FundsDLT software-as-a-Service (SaaS) transfer agency platform, as well as solutions for collateral management and tri-party repo,” officials say.
This partnership is intended to help develop Deutsche Börse Group’s “comprehensive buy-side offering that aims to connect investment managers to the Group’s wider trade and post-trade ecosystem,” officials say.
“Adding Clearstream to our existing ecosystem gives investment managers additional ways to leverage investment management solutions based on access to market infrastructure solutions,” says Georg Hetrodt, CEO for SimCorp, in a prepared statement.
“We are looking forward to a close collaboration and to expanding this partnership across Clearstream’s post-trade services for both securities and funds,” says Philippe Seyll, CEO of Clearstream Fund Services, in a statement.
