It also expects earnings before interest, taxes, depreciation and amortisation (EBITDA) to grow by around 11% on average each year through the period.

The review comes weeks after it completed a 3.9-billion euro takeover of Danish investment management software company SimCorp and as it seeks new a new CEO.

Chief Executive Officer Theodor Weimer called the update "a natural evolution of our strategy".

On Monday, it announced a share buyback programme of 300 million euros.

(Reporting by Tom Sims, Editing by Rachel More and Miranda Murray)