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Rating:SimCorp Annoints a New CEO Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 05, 2012

SimCorp Annoints a New CEO

Reported by Tommy Fernandez

SimCorp welcomed its new CEO, Klaus Holse, the former president of Microsoft’s Western Europe business, who earlier this year was appointed the successor of Peter Ravn.

  In a press release the company said that company's management adjustments "comprises a product division tasked with moving forward the integrated portfolio of software solutions for business automation under the brand SimCorp Dimension."

  For example, the release said that a new services division will focus on developing further the growing suite of professional services, including SimCorp’s managed services and SaaS-offerings. There will be two additional market divisions; EMEA & APAC and North America. Along with the heads of Group Finance & IT, Group Marketing & Communications and Group Human Capital, the divisional heads will report to Holse and comprise the Group Management Committee (GMC).

  Moreover, the management adjustments mean that the managing director for SimCorp’s Central Europe market unit, Jochen Müller, has been appointed Executive Vice President, Head of EMEA & APAC, whereas David Kubersky will continue in his position as head of SimCorp’s North American market division, however now as a member of the GMC with direct report to CEO Klaus Holse. The search process for candidates for the position as Executive Vice President of SimCorp’s services division has been initiated.

  For more information, please read the press release below:

 


Company Press Release

Adjustments to SimCorp's Top Management Team: Klaus Holse New CEO in Well-Prepared Hand Over



PRESS RELEASE – FOR IMMEDIATE RELEASE NEW YORK – SEPTEMBER 4, 2012 – SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today welcomed its new CEO, Klaus Holse, the former President of Microsoft’s activities in Western Europe, who earlier this year was appointed the successor of Peter L. Ravn.

  In parallel to Peter L. Ravn’s handover, an expected adjustment to SimCorp’s management and organizational structure for the SimCorp Group was announced. The adjustment should be seen as a further step towards SimCorp’s vision of becoming “the most attractive partner to investment managers and the number one provider of investment management solutions globally.”

  The adjusted organizational structure comprises a product division tasked with moving forward the integrated portfolio of software solutions for business automation under the brand SimCorp Dimension. A new services division will focus on developing further the growing suite of professional services, including SimCorp’s managed services and SaaS-offerings. The structure will in addition include two market divisions; EMEA & APAC and North America. Along with the heads of Group Finance & IT, Group Marketing & Communications and Group Human Capital, the divisional heads will report to CEO Klaus Holse and comprise the Group Management Committee (GMC).

  The adjusted organizational structure means that the managing director for SimCorp’s Central Europe market unit, Jochen Müller, has been appointed Executive Vice President, Head of EMEA & APAC, whereas David Kubersky will continue in his position as head of SimCorp’s North American market division, however now as a member of the GMC with direct report to CEO Klaus Holse. The search process for candidates for the position as Executive Vice President of SimCorp’s services division has been initiated.

  “I trust that the organizational adjustment will strengthen our ability to execute on the strategy that SimCorp has successfully been following hitherto. I will measure our future success on our ability to gain market share in particularly the North American market and build on the business with existing clients.

  I see a further development of SimCorp’s market leading integrated solutions and services along with a focus on client and employee satisfaction as key to strong performance for SimCorp. The demand is driven by regulatory requirements, a need for effective risk mitigation, cost efficiency and scalable systems and operating models, and taken from where SimCorp is positioned with its modular, yet fully integrated front-to-back solution and services. I am confident that we have a solid platform to build on,” says incoming CEO Klaus Holse of SimCorp.

  About SimCorp

Since 1971, SimCorp has been providing investment and portfolio management solutions and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s portfolio of integrated front-to-back solutions for business process automation in investment management adds value across the enterprise. Efficient workflows seamlessly integrate the organization and provide accurate and up-to-date information when needed, empowering clients and their business to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.  

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