A-Team Insight Blogs

SimCorp COO Steps Up to Role of CEO as Company Transforms to Technology-Enabled Service Provider

Change at the top as Christian Kromann, SimCorp COO and member of the executive management board since 2019, succeeds long-standing CEO Klaus Holse. The change takes effect tomorrow, 2 September 2021, and marks the end of an era for Holse, who has led the company for nine years.

SimCorp says that over the past two years, Kromann has brought international experience, including a focus on North America, as well strength in execution and commercial insight from the financial industry to the company. His career in capital markets includes executive roles at FIS (formerly SunGard) and an initial role in risk management at Nordea Bank (formerly Unibank).

Peter Schütze, chair of the board of directors at SimCorp, comments: “The board has followed Christian performance as COO for the past two years and we are pleased to have a strong and competent internal successor to take over the leadership of the company after Klaus Holse. Christian is an accomplished and respected leader with an impressive background from our sector, and his dedication to execution and strong client focus is what is needed to drive SimCorp’s success in the future.”

Kromann adds: “I’m taking over a strong company and I look forward to accelerating our transformation journey from a software to a technology-enabled service company, strengthening the value we deliver to our clients as well as our shareholders.”

Klaus Holse will stay on as a member of the executive management board for the rest of the year and then as senior advisor until the end of Q2 2022 to ensure a smooth transition. Schütze says: “In Klaus’s nine-year tenure, we have seen tremendous growth and significant value creation for our shareholders, and Klaus has been instrumental in initiating our ongoing transformation.”

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