appointments


IBS Journal October 2015


On the move


Citing ‘personal reasons’, Monitise CEO Eliz- abeth Buse will be stepping down from her position at the mobile banking firm after little over a year at the company. She will be leaving the struggling mobile banking company in the immediate aftermath of its worrying six per cent slump in yearly rev- enues, including losses of £223.76 million. Despite this, the company is still optimis- tically predicting an EBITDA profit in 2016. Deputy CEO Lee Cameron will be replacing her as CEO for the foreseeable future.


Noreen Doyle will be the new British Bankers’ Association (BBA) chair, effective from 17th October 2015. She is the first woman to chair the BBA and the first to come from the wholesale banking side of the membership. Doyle is currently chair of the board of Credit Suisse Interna- tional and Credit Suisse Securities (Europe) Ltd, and vice-chair of Credit Suisse Group. Her banking career has spanned both sides of the Atlantic, working with Bankers Trust in the US and across Central and Eastern Europe as first vice-president of the European Bank for Reconstruction and Development (EBRD).


Alexey Pirogov, a long-standing IT leader of Russia-based Probusinessbank, is in search of a new position, following the bank’s recent collapse. Pirogov joined the bank in 1998 as a programmer and has built up his career over the years to become vice-president and CIO.


Denmark-based specialist vendor Simcorp has appointed Martin Engdal as director, global product marketing. Engdal has almost 20 years of experience in the investment management and financial services industry. He joins from rival firm Advent Software (part of SS&C), where he was market strategist and senior director of business development, EMEA. Prior to this, he held various marketing, sales and business development roles at, among others, Danske Bank and ABN Amro Asset Management.


Sungard (now part of FIS) is expanding its treasury business executive team,


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with the promotion of Andrew Bateman to president. He has spent more than 15 years at Sungard, and held leadership roles in global account management and international distribution as well as the EMEA treasury business. For the past three years Bateman has served as the president of Sungard’s energy business.


Tony Rea has bagged the newly- created position of EMEA sales director at AFEX, a non-bank provider of global payment and risk management solutions. His back- ground is not a tale of the usual corporate stuff – he is a former professional rugby league player and has over 15 years’ experience of coaching topflight rugby union and league teams in Australia and the UK; most recently as head coach of the London Broncos rugby league team. Since 2012 Rea has run Game Plan, a business and performance management consultancy, where he worked with com- panies including Deloitte, PwC and Com- monwealth Bank on a range of perfor- mance and culture change projects.


Thomson Reuters has appointed Ed Clark and Barry Salzberg to the company’s board of directors. Clark served as group president and


CEO of TD Bank Group from 2002 until his retirement in November 2014. In 2010, he was made an officer of the Order of Cana- da, one of the country’s highest distinc- tions. Clark is also a special advisor to the Woodbridge Company Limited, the princi- pal shareholder of Thomson Reuters. Salzberg was the global CEO of


Deloitte Touche Tohmatsu Limited from 2011 until his retirement in May 2015. Salzberg joined Deloitte in 1977 and his roles included CEO and managing partner of the firm’s US operations. He is currently a professor at Columbia Business School.


Nicola Hortin has joined AxiomSL, a regulatory reporting and risk management provider, as head of its EMEA regulatory analysis team. Hortin has more than ten years’ experience in the regulatory space, including working at major banks and software companies. She was formerly at JP


© IBS Intelligence 2015 www.ibsintelligence.com


Morgan, and worked on a variety of regu- latory reporting projects over the course of five years. Prior to that she was at Secam+, a capital calculations tool provider.


The Depository Trust & Clearing Corporation has made Mark Wetjen its new managing director with responsi- bility for leading the firm’s global public policy function and related business and legal activities. Wetjen will be based in Washington, DC. He previously served as commissioner on the US Commodity Futures Trading Commission (CFTC) from October 2011 to August 2015, including five months as acting chairman. Prior to joining the CFTC, Wetjen worked for seven years in the US Senate as a senior leadership staffer advising on all financial services-related matters. Before that, he was a lawyer in private practice.


Finally, no one’s on the move. According to sources, Infosys has stopped hiring top executives from SAP till the end of the year to avoid damaging their relationship and causing a brain drain. Vishal Sikka, Infosys’ chief executive, who worked at SAP, is al- legedly asking search firms to not consider senior executives at his old company. Sikka, a former SAP board member,


joined Infosys in 2014 and since that time 13 senior executives from the German company have been recruited. It’s all at the rumour stage in terms of the halt on recruitment, but in total 16 executives have jumped ship – 13 of them classed as senior executives. The issue of SAP’s exodus to Infos-


ys has been flagged by IBS Journal on a number of occasions. A prominent ex-SAP addition to the Infosys team is Michael Reh, who is leading the banking technol- ogy business unit. In our ‘On the move’ sec- tion in the June print issue edition, former SAP executive Yusuf Bashir was appoint- ed by Infosys to oversee its $500 million start-up fund. While the May issue report- ed that Anirban Dey, former head of SAP Labs India, became global head of Infosys’ recently established subsidiary, Edgeverve – which has been recently merged with the Finacle business unit.


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