SimCorp in merger with Axioma following Deutsche Börse takeover
SimCorp, which operates an investment management platform for financial institutions, is set to merge with global risk solutions provider Axioma.
SimCorp to merge with Axioma
The news follows SimCorp’s €3.9 billion acquisition by the Deutsche Börse Group in September this year.
Axioma, on the other hand, which provides factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions, was part of Qontigo, a subsidiary of the Deutsche Börse Group since 2019 and a strategic partner of SimCorp since 2021.
SimCorp CEO Christian Kromann says the decision to merge was taken after both companies realised how their offerings “complement each other” and that a merger would “create a powerful client-first offering across the entire investment management value chain”.
While SimCorp claims to serve more than 300 of the “world’s largest” financial institutions, Axioma claims its solutions are utilised by 380 investment managers across the world, with North America as its core customer base.
“By merging with Axioma, SimCorp further strengthens our presence in key markets, such as North America, which is our primary growth market,” Kromann adds.
“Over the past two years, our partnership has proven highly successful, and by strategically utilising each other’s market positions, we can now access a broader market with an even stronger offering.”
