AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. (“AB”), a leading global investment management firm, today announced it has selected global financial technology company SimCorp as its core investment technology partner.
Building upon the firm’s existing technology, AB’s implementation of SimCorp One will become part of its core, front-to-back infrastructure, enabling AB’s investment teams to have broader access to centralized, real-time data with both market-leading and proprietary tools for competitive trading. Supporting the firm’s specialized in-house technology, this platform will continue to accelerate AB’s innovation, expertise, and data efficiencies.
“We look forward to transforming our firm’s existing infrastructure to empower our investment teams, serve our global clients, and scale for the future,” said Karl Sprules, Chief Operating Officer of AB. “Through SimCorp One, AB’s front, middle, and back-office platforms will be unified on a single, cutting-edge investment platform.”
“We are excited to partner with AllianceBernstein and provide support for their transformation with SimCorp One’s front-to-back investment workflows,” said Allen Zimmerman, Head of Americas at SimCorp. “Innovation is rooted in AllianceBernstein’s DNA, and it has enabled their team to service some of the world’s most sophisticated clients. SimCorp One will help amplify AllianceBernstein’s continued competitive edge in major markets.”
AllianceBernstein’s multi-year phased implementation of SimCorp One is underway, beginning with the core investment data platform.
