NEW YORK--(BUSINESS WIRE)--SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced the appointment of Peter Hill as Managing Director, SimCorp Ltd., based in London. In his role, Mr. Hill will be responsible for the growth of SimCorp’s business in the UK, Ireland, and the Middle East.
Mr. Hill was previously Managing Director, SimCorp Asia Pacific, a position he held since 2006. He oversaw the company’s expansion in Australian and Asian markets, with particular focus on client satisfaction and development of the business.
Commenting on his appointment, Mr. Hill said: “SimCorp has grown significantly in the UK, Ireland and Middle East in recent years as our ability to excel at providing solutions that the industry needs, such as the Investment Book of Record, has made us the first choice technology partner for the investment management community in the regions. My goal is to build on this success, attracting new clients, and strengthening our existing relationships, while also evolving the local support for SimCorp Dimension to best enable our clients to build their business in a cost effective and low risk manner.”
Jochen Müller, Executive Vice President of SimCorp’s Europe, Middle East, and Asia Pacific Markets division, said of Mr. Hill’s move: “With his client focus, experience, and excellent knowledge of the financial industry Peter will support our UK team as they continue to combine their outstanding client satisfaction with strong growth. I’m delighted he has accepted the London position.”
Prior to joining SimCorp, Mr. Hill spent over 25 years in leadership and client relationship roles, the last 11 of which were in sales of high-end application solutions to the financial services industry. He joined SimCorp from Fiserv Asia Pacific where he was Managing Director. He also worked with IBM Australia for 18 years, initially in sales roles and later in management positions that culminated in his appointment as general manager for finance and insurance industries for Australia and New Zealand.
Mr. Hill replaces Klaus Andersen, who has headed SimCorp’s London-based business since 2008. Mr. Andersen has recently taken on the position as Managing Director for SimCorp’s wholly owned subsidiary company, Equipos Ltd.
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world's leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp's world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors. For more information about SimCorp's products, please visit www.simcorp.com/product.