Brown Brothers Harriman (BBH), a privately held global financial services firm, and SimCorp, a global financial technology company, have announced a new strategic alliance to address the needs of global asset managers requiring an integrated, end-to-end technology, data, and services solution.
Enhancing both firms’ existing offerings, this solution uses BBH Infomediary to integrate SimCorp One’s front and middle office capabilities, including a real-time IBOR managed by SimCorp’s Managed Business Services, with BBH’s fund servicing and custody suite.
BBH Infomediary, BBH’s connectivity and data integration engine, will also enable a unique open architecture model that helps connect clients to third party technologies and service providers.
“For managers seeking to streamline their technology and operations across the entire investment lifecycle, this offering delivers scalability, accelerates data strategies, and allows a sharper focus on investment results,” said Shawn McNinch, Partner at BBH.
“In SimCorp, we have found a firm with award-winning technology and a service model that complements our own to provide clients with the best that both firms bring to the market.”
Key benefits include:
- Accelerated transformation and time to value
- Increased oversight and control over operations
- Flexibility to integrate with third parties and retain strategic agility
“We are excited to extend the benefits of our SimCorp One platform further into our clients’ operating model with BBH’s asset servicing and Infomediary data integration capabilities to create an end-to-end solution,” said Oliver Johnson, Chief Revenue Officer at SimCorp. “BBH’s solutions and reputation for service are a great complement to our offering, providing clients with an efficient and open architecture solution.”
The first asset manager to benefit from this combined solution is systematic manager, Quoniam Asset Management, in support of their recently announced UniActive Q ETF launch.
Silke Weiser-Walther, Quoniam’s Chief Operating Officer, said, “We are delighted that two of our valued strategic providers have come together to deliver a more efficient end-to-end workflow. With their support, we can ensure that our innovative ETF products are underpinned by robust infrastructure and real time, accurate data, empowering us to deliver enhanced outcomes for our clients.”
Source: Brown Brothers Harriman
