Funds software vendor boosts Singapore team

SimCorp hires a range of portfolio management and operations experts to support Asia-based fund managers.
SimCorp, a developer and marketer of integrated investment and treasury systems, has announced several key appointments in its Singapore office. According to the Scandinavian back office vendor, these three appointments bring its Singapore headcount to 10 and is in response to strong business demand in the region.

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.
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