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.