SimCorp merges European market units

By Sunniva Kolostyak

Investment management solutions provider SimCorp has announced a merger of its market units across Central Europe, Southern Europe and UK/Northern Europe/Middle East (UNM), creating one integrated EMEA unit.

By merging its units, SimCorp is aiming to strengthen the client relationships and support a cross-border growth ambition. The merger also enhances operational efficiency and creates multiple value-added synergies across key functions, such as sales and partnership models.

The new EMEA market unit will be headed by Hans Otto Engkilde, the current Managing Director of SimCorp UK/Northern Europe/Middle East, who has worked at the company for 21 years across multiple management roles.

Engkilde commented: “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.”

The new structure will continue to keep local market proficiency as a continued focus. It allows SimCorp to gain deeper understandings of their clients’ businesses with a more streamlined engagement process, where SimCorp will take on greater responsibilities for solving key challenges and driving successful outcomes.

Also commenting, Christian Kromann, Chief Operating Officer at SimCorp added: “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.”