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Challenger, a leading Australian investment management firm, and SimCorp, a global leader of SaaS investment management solutions, have signed a non-binding memorandum of understanding in relation to a strategic partnership to launch a new stand-alone company. The business will provide Investment administration services to Challenger, Fidante Partners and third-party clients. The new company will be Australia's first cloud-based front-to-back investment operations platform, providing fully integrated investment administration services for asset managers and owners across Australia and APAC.
Challenger has effectively automated and scaled its operations function to be one of the most efficient in the industry, leveraging SimCorp's single front-to- back platform to...
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