SimCorp, an independent provider of SaaS (software as a service) investment management solutions with more than $30 trillion in assets managed on its platforms, announces the appointment of John Needham as Managing Director for SimCorp North America.
With over 25 years of experience in the financial technology industry, including roles at some of the largest financial institutions in North America, Needham brings a deep understanding of institutional investment management tech needs to the fast-growing markets he will oversee.
Based in Toronto and reporting to CEO Christian Kromann, Needham offers extensive leadership capabilities that will be instrumental in driving SimCorp’s ongoing North American expansion.
“I am delighted to welcome John to the SimCorp leadership team in North America as we continue to expand our presence throughout the region,” comments Kromann.
“With his extensive expertise in the financial services industry, John brings a wealth of knowledge and experience as well as an in-depth understanding of our clients and industry. I am confident that with John’s solid leadership, our strong team in the region and the support of SimCorp’s global organization, we have the right setup to build on our foundation in North America and accelerate the momentum we are seeing in the market.”
Needham joins SimCorp from a senior leadership position at Murex, a global industry leader in the capital markets cross-asset trading and risk technology market with over $700 million in annual revenues. Prior to Murex, Needham held various executive management positions at FIS Global (formerly SunGard) for 17 years. With over 65,000 employees and annual revenue of more than $14 billion, FIS Global is the world’s largest provider of financial technology to the global financial community.
Needham will primarily focus on business development and setting strategic direction for the over 230 SimCorp North America employees, seeking to sustain the consistent double-digit growth the company has experienced over the past several years.
“Given the market conditions and SimCorp's progress globally, 2023 should be a springboard for SimCorp's momentum here in North America,” Needham says.
“The conditions are ripe for deeper market penetration and I'm energized by the challenge of leading the initiatives here in the U.S. and Canada. With the market calling for more customized technology to allow asset owners and asset managers to operate more resource consciously while retaining effectiveness, we know we are well-positioned for continued growth."
SimCorp believes that North America represents a strong opportunity to deliver its bespoke, customized front-to-back investment solutions at a time when many institutional investors are seeking streamlined solutions to replace the cumbersome, legacy solutions they’ve previously relied on.