Hassana partners with SimCorp to future-proof investment operations

In 2021, Saudi Arabia consolidated its two state-run social insurance and pension funds, namely the Public Pension Agency (PPA) and GOSI, by way of a merger of PPA into GOSI, making GOSI of one of the world's largest pension investors, with more than USD 320 billion in assets under management. One of the primary objectives of this merger was to establish a more cost-effective and globally diversified investment portfolio under Hassana's management.

As a result of the new partnership with SimCorp, Hassana aims to further enhance and future-proof its investment management capabilities and support Saudi Arabia's economic transformation and diversification, which seeks to move away from reliance on oil as outlined in the Kingdom's strategic framework, Vision 2030.

"Saudi Arabia is investing significantly and utilizing technological advancements to foster a diversified growth of its economy, and we are honored to be chosen as Hassana's trusted partner and eagerly anticipate a close collaboration in supporting the Kingdom's pursuit of Vision 2030 and beyond. I am confident that our platform, insight and dedication will provide the strongest possible foundation for Hassana. This partnership stands as yet another remarkable milestone for SimCorp, underscoring our strong commercial progress in the region,” says Christian Kromann, CEO of SimCorp.

The partnership agreement covers SimCorp’s back- and middle office suite, utilizing SimCorp’s industry-leading investment management solutions across public and private assets by integrating data across the investment management value chain to ensure a complete portfolio overview.

Additionally, the agreement covers the risk management solution and the optionality that comes with a connected ecosystem of fintech innovation and technology-enabled business services, that are seamlessly integrated into the SimCorp platform to optimize workflow.

These investment management solutions help Hassana to proactively identify and mitigate all risks to best fulfil its mandate and achieve its strategic objectives.

“SimCorp is grateful to have the opportunity to work with Hassana, a global leader in the asset management space. The strength of the SimCorp platform combined with Axioma Risk were the key drivers, providing Hassana a source of truth for their investments to improve decision making for their long-term strategic allocations or seizing short-term tactical opportunities,” says Kashif Khalid, Managing Director for Middle East & Africa at SimCorp.

“I have the conviction that SimCorp's ability to service Hassana, and this partnership is at the cornerstone of SimCorp’s strategy for growth in the Kingdom and the Middle East at large," Kashif Khalid says.

About Hassana Investment Company

Hassana invests on behalf of all Saudi generations for their future pensions, as the investment manager of the General Organization for Social Insurance (GOSI).

With over SAR 1.2 trillion (USD 320 billion) of assets under management, Hassana is entrusted with creating long-term value and delivering the best investment outcomes across assets and geographies, by applying strategic vigor and leveraging its unmatched scale to fulfil its vision – today and for the future.

About SimCorp

SimCorp offers industry-leading, integrated investment management solutions.

Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world’s top 100 financial companies with the efficiency and flexibility needed to succeed.

With over 25 offices around the world, and more than 2,200 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.

SimCorp Media Contact:

Søren Rathlou Top, Global PR & Communications Manager
+ 45 31 15 87 06
[email protected]