Orc Group, a leading provider of technology and services for the global financial industry, announced today that the Group will separate its businesses to enable the three operating companies to better focus on their respective product and customer niches. Orc, Neonet and CameronTec will continue its operations as before.
Thomas Bill, CEO of the Orc Group, has decided to leave the company, following a phase where he will be driving the structural separation of the Orc Group into three well-defined and more focused businesses. Thomas Bill will also during a transition period serve as acting CEO of Orc until a successor has been installed.
Thomas Bill has successfully managed Orc Group over the last five years to become the world’s leading trading technology provider. “As CEO of Orc Group, Thomas has been instrumental in driving and accomplishing profitable growth, establishing new territories and implementing strategic initiatives such as the new technical platform for Orc”, said Per E. Larsson, Chairman of the Board.
“I am proud over the development of Orc Group during my time as CEO and I am convinced that Orc, Neonet and CameronTec will become stronger and more focused as separate businesses.