SimCorp names Ulrik Modigh as Head of Business Services

New York, London, Copenhagen. October 1, 2024 – SimCorp, a leading global financial technology company, today announced the appointment of Ulrik Modigh as Managing Director, Head of SimCorp Business Services, effective October 1st.

Modigh will be responsible for further strengthening SimCorp’s position as a leading provider of technology-enabled services for the investment management industry. In this role, Modigh will oversee SimCorp’s full range of business services, where the client partners with SimCorp to perform important business activities. These include Data Management Services, Investment Accounting Services, and Investment Operations Services, all of which focus on driving exceptional outcomes for clients through technology to streamline processes.

Modigh joins SimCorp with over 20 years of experience in investment operations, with expertise spanning across the financial sector, including asset management, life insurance, consultancy, financial services, and markets. He recently served as COO, Head of Operations and Technology at Nordea Asset Management.

SimCorp’s Business Services division has experienced significant growth in recent years, with a globally diverse client list. As a key growth priority for SimCorp, Modigh will focus on accelerating expansion in this area. Based at SimCorp’s global headquarters in Copenhagen, Denmark, Modigh will report to Chief Executive Officer, Christian Kromann.

“Ulrik’s experience in scaling and optimizing end-to-end investment operations, building and leading large organizations to success, and his familiarity with SimCorp is a unique combination that we believe will accelerate the growth trajectory of our business services division. By providing business services to our clients, we help them improve operational efficiency, reduce complexity, and focus on their investment decision-making,” said Christian Kromann, Chief Executive Officer at SimCorp.

Ulrik Modigh, Managing Director, Head of SimCorp Business Services, said: “I’m excited to join SimCorp, an organization with a strong culture of driving innovative solutions. With my experience in improving operational efficiency using the SimCorp investment management platform, I see a significant growth potential for business services. Asset managers and asset owners will need to reduce operating costs and rethink elements of their value chains using technology to achieve scale and work more efficiently. I firmly believe SimCorp is uniquely positioned to help investment managers operate more efficiently.”

About SimCorp

SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.

Founded in 1971, with more than 3,000 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.  

SimCorp is a subsidiary of Deutsche Börse Group.

As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side. 
 
For more information, see www.simcorp.com

Media Contact

Søren Rathlou Top 
Global PR Manager at SimCorp 
+45 31 15 87 06 
[email protected]