Investment management software provider SimCorp has announced a restructuring of its European operations, establishing new Northern and Southern European market units to operate in conjunction with its existing Central European unit.
The new organizational structure comes in response to changing market conditions, SimCorp's growth strategy and new client wins in Europe, including Italian insurance group Generali and Nordic banking group SEB.
The new Southern Europe unit will cover France, Italy, and Spain, led by Emmanuel Colson, who is currently managing director for SimCorp France. The new Northern Europe market unit will be formed by merging the current Nordic and Benelux operations, and will be led by Hans Otto Engkilde, who is currently managing director for SimCorp Benelux.
"With our latest new client wins in Europe, it is time for us to organize slightly different to make sure we keep an efficient and lean operation across our business," said Klaus Holse, CEO of SimCorp, in a statement. "We generally see investment management firms growing in size and we need to align with this pattern to continue delivering cost-effective, superior solutions and services that meet our clients' expectations."
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