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MEXICO CITY–(BUSINESS WIRE)–Evercore Partners Mexico (EPM) announced today that Augusto Arellano, Chief Executive Officer of EPM, and Arturo Ramirez, Senior Managing Director at EPM, are departing Evercore to form TACTIV, an independent strategic advisory firm. Evercore (NYSE: EVR) will partner with TACTIV under a new strategic alliance.
Messrs. Arellano and Ramirez have accomplished some of the most innovative financial advisory transactions in the Mexican market during the last decade, including Fibra and Fibra-E transactions. They have worked together for 14 years at EPM, and in their new roles at TACTIV, they will continue to provide exceptional service to their clients.
Mr. Arellano commented, “In order to best serve our clients, we are repositioning our business in Mexico and are excited to launch TACTIV. Our strategic alliance with Evercore will be an effective way to enhance the global reach of an expert-led local firm, through which our clients
State Street Corporation (NYSE: STT) and investment management solutions and service provider, SimCorp (OMXC25: SIM), today announced their intent 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).
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EMEA-based insurance companies will have access to SimCorp Dimension’s cloud-based, multi-asset class capabilities, advanced accounting functionality and managed services, together with State Street’s leading data management, middle office and custody services on the State Street AlphaSM platform. Consistent with the Alpha platform commitment to provide clients access to leading capabilities through an open architecture, this partnership will integrate SimCorp Dimension with State Street’s proprietary software solutions including Charles River Development.
The solution comes as EMEA insurers face increasing pressure due to low returns, a decline in interest rates, increased regulatory burden and rising technology costs. The new partnership from State Street and SimCorp addresses operational