This publication carries latest news within the financial technology sector as it affects wealth management.

UBS Global Asset Management, part of UBS, has chosen the investment management solution of fintech firm SimCorp, known as SimCorp Dimension, to replace its core technology platform.

SimCorp originally announced that it had formed an agreement with a new client at the start of September and divulged the client’s name late last week in a statement.

The new platform delivers portfolio accounting, derivatives processing, regulatory and client reporting, and associated asset management functionality, SimCorp said.