Tomas Ljunglöf new CFO of Orc Group

Tomas Ljunglöf has been appointed new CFO of Orc Group. He succeeds Anders Berg that, as previously announced, is leaving the company in November 2011.

Tomas Ljunglöf has during the last two years been pursuing his own consultancy business. He was previously CFO of Telenor Sweden. Prior to that, Tomas was during five years the CFO of Glocalnet, which in 2006 was acquired by Telenor.

- I am very pleased that we managed to recruit a CFO of the utmost caliber to Orc Group. Tomas has a very solid expertise and long experience of working as the CFO of a listed company, says Thomas Bill, CEO of Orc Group.

For further information please contact:
Thomas Bill, CEO, phone: +46 8 506 477 35

About Orc Group
Orc Group is a leading provider of technology and services for the global financial industry. Orc Group delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.

The Orc Group serves customers through three business units, each with distinctive offerings:

  • Orc develops and provides the tools needed to run profitable trading and brokerage businesses.
  • Neonet is a global agency broker that offers professional market participants independent, high-speed execution services.
  • CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions.

With market presence in all global financial centers, Orc Group provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.

Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).

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About Us

Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII.

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