Axxsys Consulting, a leading global business and technology consultancy firm, is pleased to announce the appointment of Kjell Johan Nordgard as CEO of Central Europe. His appointment comes in response to an increased requirement from asset management firms to support large scale SimCorp® implementations.

Axxsys has been growing its Nordic team since opening an office in Copenhagen a year ago and has witnessed an increase in interest for their services from financial services institutional across Central Europe. The region is expected to be a source of solid growth over the next few years.

Axxsys is a recognised industry leader in SimCorp-related implementation and advisory support. It was acquired in June 2019 by Alpha FMC, the asset and wealth management consultancy, which already has a strong presence in countries such as Switzerland, France and The Netherlands.

Nordgard brings a wealth of experience to Axxsys from both client and vendor organisations. He worked for over 20 years at SimCorp in a number of senior roles including Managing Director for SimCorp UK and Head of Global Market Support. More recently Nordgard was Global Head of Systems and Data at Norges Bank Investment Management.

Axxsys has provided specialised management consultancy and technology implementation services to the investment management industry since 2003. The business is focussed on investment management solutions, with expertise spanning portfolio management, performance and risk, sales and distribution, and the strategic implementation of data and technology systems, with particular expertise in the SimCorp investment management system.  Axxsys has 34 permanent employees, working alongside a network of trusted associates, and offices in three locations: the UK, Denmark and Canada.

Philip Ritchie, Chief Commercial Officer at Axxsys, said:

“We are delighted to have such proven industry professional as Kjell join the team. His experience and knowledge will be a huge asset as we expand into Central Europe. We are now seeing a number of new long-term strategic client opportunities developing through the already established Alpha presence across Europe which is a great platform for our growth in the region.”

 Kjell Nordgard said:

“I am very excited to join such a progressive organisation with a strong reputation of high-quality delivery of large-scale implementations in the asset management community. I see an increasing requirement for the services provided by the team, not only around implementing and supporting SimCorp solutions but also other strategic technology platforms used by asset managers. I look forward to leading and growing the very talented team already working in the region.”

 Euan Fraser, Global CEO at Alpha FMC, said:

“This appointment is a great testament to the reasoning behind Alpha acquiring Axxsys in that together we provide a very powerful proposition to the market,” commented. We see substantial opportunities in Central Europe and the appointment of Kjell is a significant move to help us achieve our goal to become market leader in the region.”

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For more information about this press release please contact Philip Ritchie at pritchie@axxsysconsulting.com.