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Buy-side mistrust in IT "alarming" says SimCorp

21 February 2017

SimCorp's newest MD Stephen Butcher speaks to Global Investor on the latest survey

A high proportion of investment managers lack confidence in their own IT and data capabilities according to the findings of a new poll.

Tech firm SimCorp quizzed 150 investment managers across the US, Asia and Europe at the end of 2016. 

Close to half (47%) indicated low levels of conviction in the ability of existing platforms and doubts around internal data competence. 

"Having roughly half of all surveyed firms express a mistrust in either their IT infrastructure or data is alarming," said David Beveridge, senior product market manager at SimCorp.