JUNE 29 2012
The Board of Directors of Orc Group ("Orc") has appointed Torben Munch as new CEO of Orc. Torben Munch joins Orc from SimCorp, a global software provider to the international investment management industry listed on Nasdaq OMX Copenhagen, where he held the position of Executive Vice President and Chief Operating Officer.
Torben Munch will start his position at Orc at the latest 1st of January 2013. He succeeds Thomas Bill, who is leaving the company after six successful years where he has developed Orc to the leading global trading software company.
"The Board is pleased that Torben Munch will join as CEO and we warmly welcome him to Orc. He will continue to build on Orc's leadership within trading solutions and grow Orc's footprint within the financial community globally. As the financial services industry is going through changes Torben Munch's thorough understanding of the industry will be of great value for Orc," says Per E. Larsson, Chairman of the Board, Orc.
Torben Munch has a long experience within the financial technology industry and has been with SimCorp since 1996 where he has held different positions, including his present position as Executive Vice President and Chief Operating Officer since 2001.
"Orc is a professional and ambitious leader in its market. I'm looking forward to join the Orc team and to further improve and strengthen the company's position in the coming years as well as to set Orc on an accelerated growth trajectory by leveraging Orc's strong position in global financial markets," says Torben Munch, new CEO of Orc.
Mr. Larsson continues, "Speaking on behalf of the whole board I would also like to thank Thomas Bill for his important achievement over the years."
For further information, please contact:
Per E. Larsson, Chairman of the Board, Orc
Torben Munch, New CEO, Orc
Christine Blinke, Chief Marketing Officer, Orc, Tel. +46 8 506 477 21
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running a profitable trading and brokerage business in today's competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.