SimCorp Management

Management criteria checks 3/4

SimCorp's CEO is Christian Kromann, appointed in Aug 2019, has a tenure of 4.17 years. total yearly compensation is €2.43M, comprised of 41.8% salary and 58.2% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth €1.30M. The average tenure of the management team and the board of directors is 3.8 years and 2.6 years respectively.

Key information

Christian Kromann

Chief executive officer

€2.4m

Total compensation

CEO salary percentage	41.8%
CEO tenure	4.2yrs
CEO ownership	0.03%
Management average tenure	3.8yrs
Board average tenure	2.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christian Kromann's remuneration changed compared to SimCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	€103m
Mar 31 2023	n/a	n/a	€102m
Dec 31 2022	€2m	€1m	€99m
Sep 30 2022	n/a	n/a	€89m
Jun 30 2022	n/a	n/a	€91m
Mar 31 2022	n/a	n/a	€103m
Dec 31 2021	€3m	€619k	€110m
Sep 30 2021	n/a	n/a	€104m
Jun 30 2021	n/a	n/a	€98m
Mar 31 2021	n/a	n/a	€95m
Dec 31 2020	€928k	€403k	€88m
Sep 30 2020	n/a	n/a	€70m
Jun 30 2020	n/a	n/a	€85m
Mar 31 2020	n/a	n/a	€91m
Dec 31 2019	€1m	€167k	€97m

Compensation vs Market: Christian's total compensation ($USD2.57M) is about average for companies of similar size in the German market ($USD2.43M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.

CEO

Christian Kromann (51 yo)

4.2yrs

Tenure

€2,433,000

Compensation

Mr. Christian Peter Kromann has been the Chief Executive Officer of SimCorp A/S since September 02, 2021 and Member of Executive Management Board since August 1, 2019. He was Chief Operating Officer of Sim...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christian Kromann	CEO & Member of Executive Management Board	4.2yrs	€2.43m	0.034% € 1.3m
Michael Bjergby	CFO & Member of Executive Management Board	less than a year	€1.08m	0.012% € 465.7k
Georg Hetrodt	COO & Member of Executive Management Board	1.8yrs	€1.07m	0.0013% € 49.7k
Marlene Voss	Senior VP & Chief Human Resources Officer	4.8yrs	no data	no data
Jochen Müller	Executive VP & MD of Operations and Accounting Services	21.8yrs	no data	no data
Marc Schroter	Chief Product Officer & SVP of Global Product Management	9.8yrs	no data	no data
Ralf Schmucker	MD & Senior VP of SimCorp EMEA	11.8yrs	no data	no data
Oliver Johnson	Chief Revenue Officer & Chief Commercial Officer	less than a year	no data	no data
Johan Kringel	Chief of Staff	1.8yrs	no data	no data
Fred Bouteiller	Senior Vice President of Global Services	3.8yrs	no data	no data
Edward Bee	EVP & MD of SimCorp APAC	1.8yrs	no data	no data

3.8yrs

Average Tenure

52yo

Average Age

Experienced Management: XCL1's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Peter Schütze	Independent Chairman	11.6yrs	€183.00k	0% € 0
Morten Hubbe	Independent Vice Chairman of the Board	5.4yrs	€126.00k	0% € 0
Adam Warby	Independent Director	6.6yrs	€103.00k	0% € 0
Simon John Jeffreys	Independent Director	12.8yrs	€119.00k	0% € 0
Allan Polack	Independent Director	less than a year	no data	no data
Susan Standiford	Independent Director	2.6yrs	€97.00k	0% € 0
Charlotte Klausen	Employee Representative Director	1.6yrs	€67.00k	0.00084% € 32.4k
Sven Rinke	Employee Representative Director	1.6yrs	€64.00k	0% € 0
Neil Cook	Employee Representative Director	1.6yrs	€82.00k	0% € 0

2.6yrs

Average Tenure

56yo

Average Age

Experienced Board: XCL1's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

SimCorp Management

Management criteria checks 3/4

Key information

Recent management updates

SimCorp Appoints Allen Zimmerman as Managing Director, Head of Americas

SimCorp Announces Appointment of Dean Mcintyre as Head of Global Commercial

High number of new directors

Key Executive recently sold €190k worth of stock

SimCorp A/S Announces Chief Financial Officer Changes

SimCorp Appoints Michael Bjergby as Chief Financial Officer

Recent updates

SimCorp Appoints Allen Zimmerman as Managing Director, Head of Americas

SimCorp Announces Appointment of Dean Mcintyre as Head of Global Commercial

Deutsche Börse to Seek to Have the SimCorp Shares Removed from Trading and Official Listing on Nasdaq Copenhagen A/S

SimCorp A/S(CPSE:SIM) dropped from OMX Nordic All-Share Index

Deutsche Börse to Seek to Have the Simcorp Shares Removed from Trading and Official Listing on Nasdaq Copenhagen

Deutsche Börse AG (XTRA:DB1) completed the acquisition of SimCorp A/S (CPSE:SIM) from BLS Capital Fondsmaeglerselskab A/S, UBS Group AG (SWX : UBSG), Mawer Investment Management Ltd. and others.

Second quarter 2023 earnings released: EPS: €0.27 (vs €0.24 in 2Q 2022)

First quarter 2023 earnings released: EPS: €0.40 (vs €0.34 in 1Q 2022)

Investor sentiment improves as stock rises 41%

High number of new directors

Upcoming dividend of kr.7.50 per share at 1.5% yield

Key Executive recently sold €190k worth of stock

Full year 2022 earnings released: EPS: €2.52 (vs €2.76 in FY 2021)

SimCorp Provides Earnings Guidance for the Year 2023

Now 21% undervalued after recent price drop

SimCorp A/S to Report Fiscal Year 2022 Results on Feb 16, 2023

SimCorp A/S Announces Chief Financial Officer Changes

SimCorp A/S Provides Earnings Guidance for the Year 2022

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: €0.24 (vs €0.54 in 2Q 2021)

Simcorp A/S Reaffirms Guidance for 2022

SimCorp Appoints Michael Bjergby as Chief Financial Officer

First quarter 2022 earnings released: EPS: €0.34 (vs €0.51 in 1Q 2021)

SimCorp A/S Provides Earnings Guidance for the Year 2022

Upcoming dividend of kr.7.50 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

SimCorp Provides Earnings Guidance for the Year 2022

Third quarter 2021 earnings released: EPS €0.51 (vs €0.35 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.54 (vs €0.46 in 2Q 2020)

SimCorp Maintains Revenue Guidance for 2021

First quarter 2021 earnings released: EPS €0.51 (vs €0.34 in 1Q 2020)

SimCorp Provides Earnings Guidance for the Full Year 2021

Upcoming Dividend of kr.7.50 Per Share

New 90-day low: €101

Full year 2020 earnings released: EPS €2.22 (vs €2.44 in FY 2019)

Revenue misses expectations

Eastspring Investments Opts for SimCorp Coric as Part of Its Digital Transformation Program

Simcorp A/S and Colmore Partner to Deliver Holistic Private Markets Asset Management Service

ATP Joins Clients Successfully Live on SimCorp's Cloud-Based SFTR Solution, as the Regulation Enters its Third Phase

New 90-day high: €118

Jyske Capital Extends Simcorp Partnership in the Front Office to Boost Investment Strategies

SimCorp Signs A Firm and Binding Strategic Agreement with State Street Bank International GmbH

SimCorp A/S to Report Q1, 2021 Results on May 19, 2021

SimCorp A/S to Report Fiscal Year 2020 Results on Feb 10, 2021

Revenue misses expectations

Third quarter 2020 earnings released: EPS €0.35

Simcorp A/S Expands Partnerships Ecosystem with Wtax, to Deliver Clients Enhanced Innovation

New 90-day high: €117

State Street and Simcorp Announce Intended Business Partnership, with Front-To-Back Investment Outsourcing Solution for EMEA Insurers

New 90-day high: €109

New 90-day high - €106

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age