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Industry news

Modigh becomes SimCorp’s Head of Business Services


01 October 2024 US
Reporter: Jack McRae

Generic business image for news article
Image: SimCorp
SimCorp has appointed Ulrik Modigh as managing director, head of SimCorp Business Services.

In this role, Modigh will oversee SimCorp’s technology-enabled services for the investment management industry — these include data management services, investment accounting services, and investment operations services.

Modigh has over two decades of experience in investment operations and most recently worked as chief operating officer, head of operations and technology for Nordea Asset Management.

Christian Kromann, Chief Executive Officer at SimCorp, comments: “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.”

Modigh adds: “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.”
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