SimCorp EMEA Signs non-binding Term Sheet with State Street Bank International GmbH
Company Announcement no. 38/2020 SimCorp EMEA and its current client State Street Bank International GmbH have today signed a non-binding Term Sheet setting out the main terms for entering into a strategic business partnership between the parties. The intention being to form a business partnership to provide a premier, fully integrated, front-to-back investment outsourcing solution for insurance firms in Europe, Middle East and Africa (EMEA). If and when the Term Sheet translates into a final strategic agreement, such agreement will become a "large contract" and SimCorp will disclose