Orc Group AB: Troels Philip Jensen to lead Orc’s global expansion as Chief Operating Officer

Orc (STO:ORC), a leading provider of technology and services for the global financial industry, today announced that Troels Philip Jensen has been appointed Chief Operating Officer to support Orc’s global strategic objectives and growth. He succeeds Matteo Carcano who is leaving the company in August 2013.

Troels has been a senior-level executive at several business units with SimCorp since joining the company in 1995. He brings a wealth of experience from corporate strategic and operational development, most recently serving as Managing Director (Benelux) and President (France) at SimCorp. Troels joins Orc’s executive management and will enter his position no later than September 1, 2013.

"With more than 15 years in the financial services industry, and with his experience in building and leading businesses including all commercial aspects, sales, consulting services and marketing, Troels is ideally suited to address our immediate operational needs as well as our strategic plans for growth,” said Torben Munch, CEO, Orc Group AB.

"I am thrilled to join the talented Orc team and I am looking forward to work in a dynamic and global company. I believe my experience in building relationships and servicing large financial institutions fits into Orc’s strategy,” said Troels Philip Jensen.

About Orc

Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions 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 profitable trading or brokerage businesses 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 EMEA, the Americas and the Asia-Pacific regions.

Orc is owned by Orc Group Holding AB, which is in turn owned by Nordic Capital Fund VII.

For more information, visit: www.orc-group.com

This information was brought to you by Cision http://news.cision.com