SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the appointment of Marc Mallett as Vice President of Product & Managed Services at SimCorp North America.
Mr. Mallett brings more than 20 years of financial services industry experience to SimCorp North America. He has helped asset managers and asset servicing firms successfully design, develop and implement global operating models to achieve their business objectives. He has held leadership positions at firms such as Northern Trust, where he was the Head of Product & Strategy for their global fund services business and the specialist consultancy Citisoft, where he was Chief Operating Officer. Mr. Mallett also served as a Vice President of Technology at Fidelity Investments and was a Director of Professional Services at Thomson Reuters.
In this role, Mr. Mallett will lead an expanded North American product team to ensure SimCorp continues to provide innovative solutions to the market. Additionally, Mr. Mallett will lead the continued expansion of SimCorp's Managed Services offerings to the North American market.
Commenting on his appointment, Marc Mallett said: "I am excited to be given the opportunity to join a company with market leading product and services, a track record of consistently investing more than 20% of annual revenues into research and development and an enviable and actively engaged global client base. SimCorp's innovation has been demonstrated with proven solutions for the IBOR, multi-asset coverage and straight-through processing across the investment lifecycle. My goal at SimCorp is to help our current and future customers achieve their business objectives by ensuring they derive maximum benefit from their investment in SimCorp. I look forward to leading the North American product group, fostering innovation, ensuring our value proposition is well understood and expanding our success in the region."
"Marc is a true expert in the investment management process and technology," said James Corrigan, Managing Director for SimCorp North America. "His experience spans across all segments of the financial services industry inclncluding asset management, asset servicing, financial technology and professional services. Marc has consistently demonstrated the ability to help customers design, develop and implement operations and technology strategy. I am confident that Marc's industry knowledge, leadership and proven track record will help SimCorp become the partner of choice for asset managers across the US and Canada."
Marc Mallett joins SimCorp as of January 08, 2015 and will be based out of Chicago.