Singapore – August 10, 2011 – Global investment management software provider, SimCorp, has appointed Nigel Ford to lead the Asia sales team to manage growth opportunities in the burgeoning wealth and investment management centres of Hong Kong and Singapore.
Managing Director of SimCorp Asia, Peter Hill, believes Ford’s 30 years of experience in the Asian financial services sector will be invaluable as the region seeks to manage and sustain its rapid 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,” says Mr Hill.
According to Mr Hill, 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’. Fund managers cannot afford to expose their clients to risk, or be slow to market with new products due to of a lack of functionality with their current systems,” says Mr Hill.
Mr Ford also believes that as the world’s investment capital and wealth makes its permanent home in Asia, pressure is mounting for global and local fund managers to utilise world class software and offer the best expertise and services to their customers.
“Asset managers must invest in systems to reduce operational costs, manage growth opportunities and most importantly, mitigate risk for their clients,” says Mr Ford.
“SimCorp and SimCorp Dimension offer asset managers in the Asian region a leading world class system that will enable them to concentrate on the task of managing or administering their client’s money and growing their own companies,” continues Mr Ford.
SimCorp currently includes the Monetary Authority of Singapore, Deutsche Bank Asia and Schroders Investment Management among its Asia client base.
SimCorp’s semi-annual product release cycle ensures these clients are able to deal with the operational complexities associated with new financial instruments and products, and the ever-changing compliance and regulatory requirements.
Prior to his appointment, Ford held senior roles within the finance and software sector, including ABN Amro, Wells Fargo, Thomson Reuters, Misys, Sophis and most recently Calypso.
“Having lived and worked in Hong Kong and Singapore for more than 20 years, and experiencing the challenges facing money managers in the region, I’m extremely pleased to be joining SimCorp and continuing my commitment to this business during such an historic and unprecedented time of growth,” says Mr Ford.
For further information about SimCorp contact:
(65) 6338 1006