The new CEO of the business takes the helm from a man who has been at SimCorp for 27 years.

SimCorp, the fintech firm and subsidiary of German stock exchange operator Deutsche Börse, has named Peter Sanderson as CEO with immediate effect.

Sanderson, former chief executive at GAM Investments from 2019 to 2024, will replace Georg Hetrodt in the CEO role. Hetrodt is retiring after 27 years with the company at year-end. Hetrodt's retirement has been planned and anticipated by SimCorp, it said in a statement earlier this week. 

During his time working at GAM, Sanderson gained insight into SimCorp’s software as a direct client, the firm said.

Prior to GAM, Sanderson worked for a decade at BlackRock Investment Management in several senior roles. He also worked at Mondrian Investment Partners and KPMG.

As of last year, SimCorp includes Axioma, which provides risk and management and portfolio optimisation solutions for the global buy side.