Pictet Asset Management will expand its use of SimCorp technology as part of an effort to consolidate trading and operations systems. Pictet AM, which has used SimCorp for back-office functions since 2008, plans to use the SimCorp One platform to reduce the number of core systems across its investment operations and establish a shared data layer.
The asset manager oversees USD 326 billion in assets under management, according to a SimCorp press release.
The project covers trading, portfolio management and operational workflows across front-, middle- and back-office functions.
“As our business has expanded, managing fragmented systems and disconnected datasets across front-, middle-, and back-office functions has become increasingly complex,” said James Frew, co-head of fixed income trading at Pictet AM.
Pre- and post-trade processing
Te firm intends to connect SimCorp One with existing internal technology through APIs while continuing to use proprietary trading tools.
Frew said the platform would support “faster pre- and post-trade processing”.
Implementation is expected to be completed by December 2026.
Consolidation trend
The announcement points to a wider trend among investment managers towards reducing the number of technology platforms and vendors in use.
SimCorp cited its 2026 InvestOps Report, based on a survey of 200 buy-side executives, which found that 58 percent identified vendor and platform consolidation as their main technology priority.
