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
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
