Torben Munch new CEO of Orc
Jun 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
About Orc
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.
www.orc-group.com
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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