Skip to main content

SimCorp merges European market units, to strengthen client experience and support growth

Written by Customer Service on . Posted in Public Companies.

SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, today announces the merger of its Central Europe, Southern Europe and UK/Northern Europe/Middle East (UNM) market units, into one integrated EMEA unit. The move is designed to support SimCorp’s growth ambition, by developing closer client relationships across borders and achieving greater scale and agility in key business functions.With many of SimCorp’s clients increasingly spanning across market unit borders, the merger’s principle aim is to deliver enhanced customer excellence and operational efficiency, without the previous restraint of market unit borders. While local market proficiency remains a continued focus, the new setup enables SimCorp to strengthen the overall client experience, by gaining a deeper understanding of their business. This will be achieved with a more streamlined engagement process where SimCorp will take on greater responsibility for solving key challenges and driving successful business outcomes for its clients. At the same time, the integrated unit secures increased scale and expertise to continue to attract and onboard new clients effectively.The merged unit also creates several value-added synergies across key functions, such as sales. This includes developing SimCorp’s fast-growing asset servicing partnerships model, which sees its flagship front-to-back, multi-asset investment management platform, SimCorp Dimension, empower some of the largest European and Global asset servicers. Equally important, the merger provides SimCorp’s employees with enhanced career development and expanded opportunities for mobility across borders.The new EMEA market unit will be headed by Hans Otto Engkilde, the current Managing Director of SimCorp UK/Northern Europe/Middle East. During his 21 years at SimCorp, Hans Otto Engkilde has acted in a variety of management roles within the company, with significant impact. He will now lead best practice throughout the merged market unit, with a focus on growing SimCorp’s front office, data management, alternative investments, and client communication offerings. In a supporting role, Ralf Schmücker, MD of SimCorp CE since 2012, will take on the new strategic position of Senior Vice President and Head of EMEA Customer Experience and Value Advisory.Christian Kromann, Chief Operating Officer at SimCorp comments: “The merger of our EMEA units comes at a critical time for the buy-side industry, as many increasingly look for external partnerships to address fatigued technologies and ops teams, overwhelmed by today’s market complexity. By creating a larger, more streamlined unit, we will better serve our clients’ long-term goals and provide them a superior client experience. At the same, we are confident that the merging of units will boost our ability to nurture and leverage the talent of our employees, as new opportunities and career paths emerge.”Hans Otto Engkilde, Managing Director, SimCorp EMEA comments: “The new EMEA unit delivers many exciting opportunities for SimCorp and I’m pleased to be leading such a significant initiative, and to work more closely with our talented and experienced teams across the region. Leveraging the scale of the merged unit and the breadth of rich solutions and services that SimCorp continues to innovate and deliver, we are now optimally placed to serve the European buy-side community. Additionally, the stronger regional footprint delivers us a significant competitive edge to intensify client attraction, as firms seek a trusted vendor to support long-term prosperity.”Enquiries regarding this announcement should be addressed to:Mittal Shah, SimCorp PR UK/North America /Asia Pacific +44 (0)207 397 8072 mittal.shah@simcorp.com
Mette Trier, SimCorp Corporate Communications +45 4060 8296 mette.trier@simcorp.comAbout SimCorp  
SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, 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, with regional offices across Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.