POWERED BY MOMENTUM MEDIA
Simcorp appoints new head of sales for Asia
Global investment management software provider, SimCorp, has appointed Nigel Ford to lead its Asia sales team.
Ford brings 30 years of experience in the Asian financial services sector, and has been hired to manage growth opportunities in the wealth and investment centres of Hong Kong and Singapore.
Prior to this appointment, Ford held senior roles within the finance and software sector, including ABN Amro, Wells Frago, Thomson Reuters, Misys, Sophis and, most recently, Calypso.
Managing director of SimCorp Asia Peter Hill said Ford's experience in the region will be invaluable as expanding Asian financial centres seek to manage and sustain their growth.
"Fund managers in Asia require sophisticated systems that can capitalise on growth opportunities, react to changing regulation requirements and operate in a reduced risk environment," Hill said.
Hill further noted that many fund managers in the region also face the increasing need to replace legacy-based systems to reduce costs and remain competitive.
"A legacy-based system is like being on a burning platform," Hill said.
"Fund managers cannot afford to expose their clients to risk, or be slow to market with new products due to a lack of functionality with their current systems."
Ford said the asset managers would benefit from systems that reduce operational costs, manage growth opportunities and mitigate risk for their clients.
AUTHOR
Angela Welsh
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
