Misys PLC has announced that Andrew Derrer has been appointed CEO of Misys Retail Banking, building on his successful career as Vice President, Financial Services of Oracle and co-founder of EWI Business Consulting.
"Andrew`s knowledge and his passion for this business will take an already successful organisation to new levels," said Ivan Martin, Misys Banking Division CEO. "He has a formidable track record in the industry and joins us at an exciting time. I am delighted to have Andrew on the team."
Andrew Derrer commented: "Misys Retail Banking is a true worldwide player - almost 500 customers bank on Misys and put us at the heart of their business. We are in a market that is set to grow by more than 8% this year, but looking at the dynamics of demanding customers, IT costs and the regulatory requirements of Basel-II, AML, IAS-39 and Sarbanes-Oxley, I believe that in the medium term packaged enterprise software in core banking is set for more dramatic growth. This year Misys Retail Banking has already won major deals with customers in G8 economies. Given this success and our continued investment in our product roadmaps, Misys Retail Banking is well positioned to participate in this growth."
In joining Misys, Andrew leaves his position as Vice President, Financial Services for Europe, Middle East & Africa at Oracle. For the last seven years he was responsible for Oracle`s Financial Services business across the EMEA region. He devised and drove the execution of the Go-to-Market Strategy for Oracle Financial Services, and more than doubled this part of Oracle`s business in the last four years.
Previously, Andrew founded EWI Business Consulting, a consulting company based in Switzerland and India. Oracle bought the business in 1997 and the Indian operation now has close to 500 consultants providing offshore services to Oracle`s customers worldwide.
A qualified accountant, Andrew has held a number of senior finance positions in a variety of major corporations, including Unisys, Control Data, Arco and Mobil.
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