SimCorp's COO resigns

Torben Munch, SimCorp’s Chief Operating Officer, has given notice to the company that he terminates his service contract with SimCorp effective as of 31 December 2012. Torben Munch has been offered a position as CEO in Orc Group AB.

SimCorp is grateful for Torben Munch’s 17 years of service to SimCorp and appreciate Torben’s contribution to the successful development of SimCorp. Torben will continue in his current position in SimCorp until a successor has been appointed.

The company will initiate a search process where internal and external candidates will be considered. The aim is to conclude the process as fast as possible.

Enquiries regarding this announcement should be addressed to:

Jesper Brandgaard, Chairman of the Board of Directors, SimCorp A/S (+45 3544 8800, +45 4442 3295) or

Peter L. Ravn, Chief Executive Officer, SimCorp A/S (+45 3544 8800, +45 4076 1841)