SimCorp, a leading provider of investment management solutions and services to the global financial services industry, and FDM Group, an international IT and business services provider, today announce a collaboration to recruit and develop high caliber IT talent, to support SimCorp’s rapidly expanding business in North America. The FDM Group Careers Program will ensure that SimCorp NA continues to operate with the scale and flexibility required to serve its current client base, and be poised for future expansion, amidst the rapidly changing asset management industry.
Through the collaboration, FDM Group recruits and trains talented individuals who are placed at SimCorp, to work on its innovative solutions for the global investment management industry. The individuals enter SimCorp as FDM Consultants, working in business, IT and financial roles, and can become permanent SimCorp employees after a two-year period. These individuals, play an important role in SimCorp’s growing teams across New York, Chicago, Boston and Toronto. The successful joint program has also recently been rolled out to include SimCorp’s London and Paris offices.
“We are committed to this program and the opportunity it brings us to scale to our clients’ needs and be agile in our response to changing market conditions. By building a bespoke training package, we can ensure that FDM Consultants meet our high standards and that they are equipped with the essential skills required to add value to our clients” said James Corrigan, Executive Vice President & Managing Director of SimCorp North America. “The strong caliber of FDM Consultants has allowed us to quickly scale our market unit teams, bringing in young and diverse talent to continually advance our cutting-edge technology. This strategic foundation is crucial in supporting SimCorp’s North American clients and the 180+ clients that rely on us worldwide.”
Rod Flavell, Chief Executive Officer, FDM Group, explains: “FDM values its collaboration with SimCorp, which demonstrates how companies can achieve real results by being innovative in the way that they invest in their talent pipeline, to give them the competitive edge. This is particularly important in the current climate, when employers are finding it difficult to recruit people with IT skills. The added benefit is that, after two years, FDM Consultants can transition to permanent employees, allowing organizations to retain the knowledge, skills and resources long-term.”
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific.
FDM Group is a professional services provider with a focus on IT and a leading IT graduate employer. FDM Group’s business model is both unique and robust, bringing people and technology together. We are renowned for our dynamic Careers Program, which provides graduates and military veterans award-winning business and technical training in core disciplines. They then progress to represent FDM Group on client sites as our Consultants for a minimum of two years. With over 180 clients worldwide, we help them achieve specific business objectives within various sectors, including financial services, media, retail and insurance.