Treasury management systems supplier SimCorp has named Daniel Andres managing director of the company's IT/2 product line.
Andres will be responsible for worldwide development and Emea (Europe, Middle East and Africa) sales and support for SimCorp’s IT/2 corporate treasury management system. IT/2 features integrated cash management, risk management and deal management functionality. The next release of the product is scheduled for the end of April 2002.
Andres originally joined SimCorp as sales and marketing director of IT/2 Emea in May 2001.
Niels Beck, the previous managing director of IT/2, has returned to the company's Copenhagen headquarters to head up organisational and human resource development for the SimCorp group.
Separately, SimCorp has truck a deal with APT to provide FIX trading capabilities to users of its TMS2000 investment management system.