The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
All new members of the Singapore office will be part of SimCorp?s professional services team. This division is responsible for the implementation and support of SimCorp Dimension, the firm?s software system for professional investment management that eliminates the need for middleware and covers areas including portfolio management and analytics, risk management, straight-through-processing (STP) and fund administration.
Per Bjoedstrup joins as professional services manager, bringing 12 years of related experience to the role. Bjoedstrup will report directly to Peter Hill, the Sydney-based managing director of SimCorp Asia.
As part of his newly created role in Singapore, Bjoedstrup will manage a team of nine consultants, including new hires Jonathan Goh and Mikkel Andersen.
He joins from Danske Capital, part of Danske Bank. At the Nordic investment manager Bjoedstrup was head of projects and IT management. Prior to the Danske Capital role, Bjoedstrup was head of implementation for SimCorp in London. His experience with SimCorp also includes managed a number of projects for SimCorp clients in the Netherlands, Denmark and Norway.
Goh joins SimCorp from Prudential Asset Management in Singapore and comes on board in the newly created role of business consultant. While at Prudential, Goh managed the roll-out of a new investment management system across Asia. Prior to joining Prudential, Goh was senior consultant at DST International.
Andedrsen is joining the team in a new role. He will go by the title of senior business consultant and crosses to SimCorp from WM Data, which is part of IT firm LogicaCMG. He brings over eight years of consultancy experience, and spent seven years working for SimCorp in Denmark and Sweden, where he rolled out systems for the likes of Danish government fund ATP, Swedbank Robur, Skandia Asset Management and Folksam.
According to the firm, these three appointments will be the first at several at SimCorp Asia in 2007.
The appointments cap a busy 12 months for SimCorp in Singapore, from where the firm runs its entire Southeast Asia business. In 2006, its SimCorp Dimension product was selected by Deutsche Bank?s domestic custody services operations regionally as the future platform to support its fund administration and accounting business across Asia. SimCorp also counts the Monetary Authority of Singapore as a client.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
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