SimCorp CXO Relay Features Commentary on Turning Data Management Challenges
into Business Opportunity
NEW YORK -- January 28, 2013
SimCorp, a leading provider of investment management solutions and services
for the global financial services industry, has released a new CXO relay,
titled “Turning Data Management Challenges into Business Opportunity.” The
paper features Benita M. Warmbold, Senior Vice-President and COO of CPP
Investment Board (CPPIB), which manages a $170.1 billion fund.
Citing the benefits of treating regulation as a catalyst for business growth
rather than as an obstacle, Warmbold explains, “Fortunately, there’s a fair
amount of synergies between our approach to managing data complexities and the
regulatory changes that are happening in the OTC derivatives processing space.
For instance, the Legal Entity Identifier (LEI) required for each of the
entities and securities processed fits in perfectly with our data strategy.
Having a unique identifier allows us to know our true exposure across all the
asset classes, enabling us to quickly drill down into specific portfolios,
sectors, geographies and product types. This is where regulation in some ways
acts as a business catalyst for expansion and innovation.”
The CXO Relay is part of SimCorp’s ongoing executive communications platform
that features leading buy-side executives’ views, experiences and best
practices on critical investment management issues. Recent contributors
include: Michael Jarzabek, Head of Institutional Relationship Management at
LBBW Asset Management; Dr Frank Wellhöfer, Managing Director at MEAG and Marc
van den Berg, COO at PGGM Investments.
The CPP Investment Board, which is a professional investment management
organization based in Toronto, has been a user of SimCorp’s investment
management solutions since 2010.
For further details, please download the full CXO relay here.
Since 1971, SimCorp has been providing investment and portfolio management
solutions and services to the world’s leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp’s world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and
enable growth. SimCorp is a global company, regionally covering all of Europe,
North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp
is dedicated to supporting the global investment management industry, its
clients and its investors. For more information about SimCorp’s products,
please visit www.simcorp.com/product.
SimCorp North America
Susan Peter, +1 917-546-4654
Kevin Maher/Angela Byrne, +1 646-395-6300
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