Intech, a quantitative asset manager investing on behalf of pension funds, governments, endowments, and other institutional investors worldwide, has selected SimCorp as its partner for the implementation of SimCorp’s Investment Operations Service solution.
The agreement “covers the integration of SimCorp’s full lifecycle management service to support all of Intech’s post-trade, performance, compliance, and IBOR- related activities.” As part of the agreement, the implementation of SimCorp’s Snowflake-powered Data Warehouse and cloud-native Client Engagement Portal “is also included.”
SimCorp’s Investment Operations Services (IOS) “provide a crucial way for institutional managers and investors to focus on their core value-driving activities by trusting SimCorp to manage their critical operations activities for them.”
With the integration of SimCorp’s full IOS offering, Intech will therefore “benefit from a robust, holistic overview of their business operations, seamlessly managed processes, and transparent access to data across all of their post-trade operations and related reporting.”
The integration will “enable Intech to make even stronger investment decisions for its clients, and support the firm in its future growth aspirations with a highly scalable, innovative platform.”
SimCorp CEO Christian Kromann said:
“We are delighted to welcome Intech as a client and further enable their future growth with the implementation of our full Investment Operations Service offering. This agreement is a continued realisation of SimCorp’s ongoing process to expand our tech-enabled services footprint and support our clients’ growth aspirations with an increasing array of services, all backed by the industry’s most comprehensive front-to-back investment platform. We are proud to partner with Intech as they take this important step on their journey.”
Intech COO Justin Wright states:
“After an exhaustive search, SimCorp proved that their approach, which leverages industry-leading technology to drive a more streamlined service model, would provide Intech the most transparent access to high-quality operational data and best enable us to grow and service our institutional clients. We look forward to the benefits this partnership will provide.”
Intech’s decision to seek a trusted partner for a comprehensive Investment Operations Service comes “on the back of the firm’s management-led buyout from Janus Henderson Group in Q1 2022.”
Implementation for the project will “begin immediately, with an expected go-live in Q3 2023.”
As noted in the update, SimCorp offers front-to-back investment management solutions.
Their platform and ecosystem, “comprising partners, services, and third-party connectivity empower us to provide 40% of the world’s top 100 financial companies with the efficiency and flexibility needed to succeed.”
With over 25 offices around the world and 2,000 employees, they claim to be “a truly global, collaborative team that connects every continent and industry seamlessly.”
As mentioned in the announcement, Intech is “a private, quantitative asset manager investing on behalf of pension funds, governments, endowments, foundations, and other institutional investors worldwide.”
Having pioneered the application of Stochastic Portfolio Theory in 1987, Intech continues “to seek distinctive alpha sources for clients in five continents.”
Today, Intech provides investment solutions “encompassing ESG, absolute return, defensive equity, and traditional long-only strategies.”