Ulrik Modigh, a former COO of Nordea Asset Management, has joined technology firm SimCorp.
Modigh joins SimCorp as head of business services and will oversee SimCorp’s activities with its clients such as data management, investment accounting and investment operations.
Modigh has 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.
SimCorp – which provides asset managers with various services and an operation platform, Dimension – said it had experienced significant growth in recent years, with a globally diverse client list.
Based at SimCorp’s global headquarters in Copenhagen, Denmark, Modigh will report to chief executive officer, Christian Kromann.
Kromann said: “Ulrik’s experience in scaling and optimising end-to-end investment operations, building and leading large organisations 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.”
Modigh said: “I’m excited to join SimCorp, an organisation 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.”
