psp investments selects simcorp one

SimCorp One will provide single platform service to integrate public and private market assets to Canadian pension investment manager.

Toronto, Copenhagen 26 June, 2024 – SimCorp today announced that the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors, has selected SimCorp One to support PSP Investments’ operations for its CAD 264.9 billion of assets under management^[1]. 

SimCorp One is SimCorp’s new integrated platform with functionality that covers the entire investment management workflow and key components built as cloud native.

The Montreal-based pension investors’ decision to select SimCorp One is based on a comprehensive review of its technology suite, with the goal of simplifying its investment management operations and minimizing manual processes.

“While SimCorp One is new, it’s based on more than 50 years of innovation of providing software and services to the buy side. It is engineered to provide real-time insights of the total portfolio, enabling investment managers to transform an abundance of data and numerous decision points into actionable insights", said Christian Kromann, Chief Executive Officer of SimCorp.

“Throughout our successful collaboration, SimCorp has demonstrated a deep understanding of our operational needs, affirming our decision to choose their solution for PSP Investments strategic consolidation of public and private operations. Our project's goal is to create a cohesive technological platform that supports total portfolio management, enabling strategic decision-making at the highest level,"  said David Ouellet, Senior Vice President and Chief Technology, Data and Operations Officer at PSP Investments.

Allen Zimmerman, Head of Americas at SimCorp, said: “At SimCorp, our mission is to provide financial technology that simplifies our clients’ operations so they can make the best decisions for their customers. We’re proud to strengthen our collaboration with PSP Investments.”

PSP Investments’ strategic focus on improving data capabilities represents an industry trend. According to the 2024 Global InvestOps Report^[2], which surveyed 200 buy-side executives worldwide about their priorities, improving data and operations support for multi-asset investment strategies was the top technology initiative planned to support strategic priorities.

“Over the past several years the investment industry has grown more complex with added regulations, increasing competition, growing customer demands, heightened uncertainty and more. And that increased complexity has caused operational pressure and produced an overwhelming amount of data, information, analysis, and decision points,” said Christian Kromann, CEO, SimCorp. 

“Through our SimCorp One integrated platform, we enable better operations and ultimately, better decision making. We call this The Decision Era, reflecting a new operating reality for every one of us. We are committed to helping clients navigate the Decision Era – from the choice of operating model through to ongoing investment optimization and operational execution.”