Misys Risk Management Systems grows global team to reinforce commitment to risk market
25 September 2003, Misys Risk Management Systems today announced a series of senior global appointments focused on increasing the company’s expertise and share of the risk management market.
Six months on from the restructure of Misys Banking and Securities Division, which saw Misys Risk Management Systems formed as a business unit in its own right, the new appointments will bolster the company’s strategy to drive up customer satisfaction and market share, and enhance the functionality and regulatory compliance within the Risk Vision product suite.
The company’s focus on integrated and enterprise-wide risk solutions is strengthened by the appointment of a number of experienced risk professionals from the banking and technology vendor communities. Amongst them, Dr. Savita Verma, former vice president of ScotiaBank, joins Misys as head of product management, financial engineering and research. Her team, which includes the newly appointed Basel II specialist, David Welton, will drive the development of Risk Vision to deliver on regulatory, market and competitive demands whilst broadening its functionality and flexibility.
Three new business development managers have been appointed to ensure Misys Risk Management Systems increases its market share and support capabilities within key markets.
Joining Chief Operating Officer, Michel Van Leeuwen’s team, Misys welcomes Frank Weyns from State Street, where he was global managing director of professional services for the Askari Risk Technology group. Prior to this, Weyns worked for Algorithmics and Deloitte & Touche Consulting. Lutz Schiermeyer focuses on new business within the key market of Central and Eastern Europe, joining Misys from SeeBeyond Technology Corporation where he held the role of alliances director. Previously, Schiermeyer worked within General Electric’s RXM unit. Ran Fuchs, previously of State Street, CCF and JPMorgan, will head the company’s Asia Pacific operations, based in Singapore.
Joining Chief Operating Officer, Michel Van Leeuwen’s team, Misys welcomes Frank Weyns from State Street, where he was global managing director of professional services for the Askari Risk Technology group. Prior to this, Weyns worked for Algorithmics and Deloitte & Touche Consulting. Lutz Schiermeyer focuses on new business within the key market of Central and Eastern Europe, joining Misys from SeeBeyond Technology Corporation where he held the role of alliances director. Previously, Schiermeyer worked within General Electric’s RXM unit. Ran Fuchs, previously of State Street, CCF and JPMorgan, will head the company’s Asia Pacific operations, based in Singapore.
Helen O’Dea, who as CEO has lead Misys Risk Management Systems since the restructure, comments, “Risk management has now arrived at the forefront of the bank’s agenda. With pressure to improve cost control and constantly adapting regulatory requirements, financial institutions are looking for more efficient sources of profit by implementing tools that allow them to make better informed decisions. Risk is now viewed as a resource that, if managed effectively can create real value for the institution.”
“Our expertise in risk management and the functionality within Risk Vision provides us with a real strategic advantage. Risk management represents a significant growth area not only in Europe but across global markets. With a new team in place with global delivery capabilities, combined with our dedicated focus on enterprise risk management and regulatory compliance, we are now well positioned to become the leading supplier of risk management solutions that drive businesses to value creation,” she continued.
For further information, please contact:
Sara Toal / Sarah Mason
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+44 (0)20 7959 5400
sara@write-image.co.uk / sarah@write-image.co.uk
Sara Toal / Sarah Mason
Write Image
+44 (0)20 7959 5400
sara@write-image.co.uk / sarah@write-image.co.uk
OR
About Misys Risk Management Systems
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide, integrated risk management solutions. For over a decade, the company has specialised on driving the world’s leading financial institutions towards value creation, delivering functionally rich and highly flexible solutions that encompass all aspects of global, integrated risk management and regulatory compliance.
About Risk Vision
Risk Vision is a highly integrated and functionally advanced risk solution, delivering proven measurement of all areas of exposure and risk and supporting modern portfolio management practices. A uniquely flexible solution, Risk Vision is focused on supporting value management and regulatory compliance within a global financial institution through accurate, real time identification, measurement and control of exposure and capital.
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide, integrated risk management solutions. For over a decade, the company has specialised on driving the world’s leading financial institutions towards value creation, delivering functionally rich and highly flexible solutions that encompass all aspects of global, integrated risk management and regulatory compliance.
About Risk Vision
Risk Vision is a highly integrated and functionally advanced risk solution, delivering proven measurement of all areas of exposure and risk and supporting modern portfolio management practices. A uniquely flexible solution, Risk Vision is focused on supporting value management and regulatory compliance within a global financial institution through accurate, real time identification, measurement and control of exposure and capital.
About Misys plc
Misys plc, one of the world's largest software solutions companies, serves customers in the international banking and securities, US healthcare, and UK retail financial services sectors. Employing over 6,500 staff, Misys reported revenues in excess of £1 billion ($1.5 billion) for the year ended 31 May 2003. For more information, visit www.misys.com.
Misys plc, one of the world's largest software solutions companies, serves customers in the international banking and securities, US healthcare, and UK retail financial services sectors. Employing over 6,500 staff, Misys reported revenues in excess of £1 billion ($1.5 billion) for the year ended 31 May 2003. For more information, visit www.misys.com.
