Adjustments to SimCorp’s top management team: Klaus Holse new CEO in well-prepared handover

9/3/2012 8:02 AM EST

SimCorp A/S
Press release

Adjustments to SimCorp’s top management team: Klaus Holse new CEO in
well-prepared handover

Adjusted management structure to strengthen execution of existing strategy


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 Micosoft’s activities in Western Europe, whom
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 organisational 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 organisational 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 organisational 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 organisational 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 Amwerican 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 a
strong performance for SimCorp. The demand is driven by regulatory
requirements, a need for effective risk mitigation, cost efficiency and
scaleable 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. 

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Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, +45 35 44 88 02
Lars Bjørn Falkenberg, SVP Group Marketing & Communications, +45 35 44 87 10

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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 organisation 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. 


Members of SimCorp’s new Group Management Committee:
Klaus Holse, Chief Executive Officer
Thomas Johansen, Executive Vice President, Chief Financial Officer, Group
Finance & IT 
Georg Hetrodt, Executive Vice President, Chief Technology Officer, Product
Division 
Jochen Müller, Executive Vice President, EMEA & APAC
David Kubersky, Senior Vice President SimCorp North America
Karin Van Goinga Middelburg, Senior Vice President, Group Human Capital
Lars Bjørn Falkenberg, Senior Vice President, Group Marketing & Communications