SimCorp strengthens Executive Management Board with new Chief Operating Officer (COO)
Inside information, company announcement no. 22
SimCorp today announces the appointment of Christian Kromann as Chief Operating Officer (COO), a new position within SimCorp. Christian Kromann becomes member of SimCorp’s Executive Management Board, overseeing all sales and marketing activities globally. He joins SimCorp as of August 1.
Christian Kromann (47) brings extensive knowledge of the investment management industry. He has served in global management positions throughout his career, including various executive positions during the course of 17 years with global investment management vendors, Sungard and FIS. Christian Kromann joins SimCorp from a position as CEO of TIA Technology.
With the appointment of Christian Kromann, the composition of SimCorp’s Executive Management Board is:
- Klaus Holse, CEO
- Michael Rosenvold, CFO
- Georg Hetrodt, CPO
- Christian Kromann, COO
SimCorp CEO, Klaus Holse comments: “It is a great pleasure to welcome Christian Kromann to our team. With his vast experience and insight into the market, he will be a strong asset in our pursuit of continued growth and in the transformation into an as-a-service company.”
Christian Kromann comments: “I am very proud to join a company and a team that continues to grow its global customer base and revenue, while also increasing profitability consistently. I look forward to working with the investment management industry once again, contributing to the success of SimCorp’s customers around the world.”
Christian Kromann’s remuneration in SimCorp is in accordance with the remuneration guidelines approved at the Annual General Meeting held on March 27, 2019. As part of the service agreement, Christian Kromann will as a non-recurring compensation be allocated 6,216 restricted stock units comprising SimCorp shares with a total market value of currently DKK 3,869,460(*), vesting over a period of 5 years. The restricted stock units are subject to Christian Kromann being employed as COO of SimCorp on the vesting dates. Further, the allocation of restricted stock units is subject to an investment by Christian Kromann in 3,108 SimCorp shares at a market price of currently DKK 1,934,730(*).
(*)based on a share price of DKK 622.50
Enquiries regarding this announcement should be addressed to:
Klaus Holse, Chief Executive Officer, SimCorp A/S (+45 3544 8802, +45 2326 0000)
Anders Crillesen, Group Communications Director, SimCorp A/S, (+45 3544 6474, +2779 1286)
About SimCorp
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, banks and sovereign wealth funds. Regardless of how you deploy it, SimCorp’s core solution, SimCorp Dimension®, and its life-cycle services support the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.