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Profil Ronald Knecht've found a bilingual blog, so please choose "English" or "German". The blog represents personal views on IT systems and consulting in the asset management and investment banking market and focuses predominantly but not exclusively on issues in German speaking countries, respectively countries with a German speaking sub-community (DE, AT, CH, LU, LI, BE, IT).

For more information about this blog check out the blog note: I-2008 or all blog notes

Friday, August 17, 2007

"Erste Bank Group" chooses Simcorp

Simcorp ist having a new client in Austria (Vienna): "Erste Bank Group", more concretely the "Erste Sparinvest", will be using Simcorp from front to back within the whole group, for both mutual and institutional funds. This is Simcorp's first customer in Austria to use it in both depository banking and fund management. Quite a success for Simcorp. Question is if this will be a signal for other major banks in Austria, who are currently investigating their future systems.

A letter to a bank's shareholders

Dear shareholder,

We would like to take this opportunity to provide you an update of the recent trading performance of the firm.

As you may already know, the overall market conditions, both on the debt and equity side have been rather challenging of late. We take this opportunity to explain to you, our fellow shareholder, the firm’s exposure to this market environment as well as the active steps your management team is taking to ensure your investment continues to deliver the high returns you expect.

Over the past twelve months, we have taken active steps to augment shareholder returns and deliver greater returns on your invested capital. We have identified strong growth areas in the market of alternative investments (hedge funds, private equity, etc) as well as augmented our business practices and divisions with strong exposure to these.

Click here for more.