The intention to combine Itiviti and ULLINK was jointly communicated by the companies and owner Nordic Capital on November 28, 2017.
The Board has appointed Torben Munch as Chief Executive Officer of the combined entity.
Torben Munchs leadership has been instrumental for shaping Itivitis organization from a diverse group into a unified team and for developing a solid, coherent offering aligned with market requirements and individual customer needs, says Per E. Larsson, Chairman of the Board, Itiviti. Torben has built a great team and has successfully applied a keen strategic vision coupled with a passion for customer satisfaction. Now as we unite the teams of ULLINK and Itiviti to reach for the next level, we are glad that Torben has accepted to lead the new combined team on this exciting mission.
A union of equals, Itiviti with ULLINK will immediately be recognized as a powerhouse in capital markets technologies and services. The companies bring similar industry experience to the new organization, each carrying a heritage of technology leadership. The combination will offer customers the industrys broadest range of solutions and services spanning asset classes and trading applications (high-touch, low-touch, market making, connectivity) based on modern, flexible technology architected for performance and updated to meet latest compliance requirements. The business focus will be on growth and expansion, guided by clients demands for a technology partner to support their current and future needs and business strategies.
Chairman Per E. Larsson adds:
As ULLINKs CEO Didier Bouillard has elected to leave the company I would like to thank Didier for his significant contributions, including his support for facilitating this merger. I wish Didier all the best in his future endeavors.
CEO Torben Munch comments:
Entering a new phase as the head of Itivitis business, I am fortunate to lead an organization with outstanding credentials, in terms of what ULLINK and Itiviti together bring to the table. With a new team taking shape from our combined pool of talents, I want to share our enthusiasm for this union with all our customers. Ultimately though, this merger will be judged by our delivery. Our products, solutions and the services we provide must validate that we are growing into an even more capable supplier and partner; one that can best satisfy the needs of the customers business, enabling their strategic initiatives as well as providing unfaltering daily support to sell-side and buy-side financial
institutions. Knowing the eminent qualities of ULLINK and Itiviti, I have every reason to believe we are bound for success in this pursuit.
Torben Munch biography
Torben Munch was appointed as Itivitis first CEO in February 2016, transferring from Orc Group where he joined as Chief Executive Officer in 2012. He is currently also serving as Chairman of the Board for Vizrt Group. From 2001, Torben was Chief Operating Officer and Executive Vice President at SimCorp A/S, and prior to this Managing Director of SimCorp GmbH from 1996. Torben also has management experience from positions at Unibank (Nordea) and LEC (IBM) and from non-executive board positions with Equipos Group, TIA Technology A/S and Traen A/S (Formpipe). He holds a Masters degree in Economics from the University of Copenhagen.
