IBS Journal March 2015


On the move


International Turnkey Systems (ITS) has finally appointed a permanent CEO, follow- ing a period of interim leadership. The new group chief executive is Nasr Albikawi, who comes with over 25 years of experience in the technology industry. His previous roles include regional GM of Getronics and regional head of Cisco.


BPC Banking Technologies has poached a senior executive, Wim Pardon, from rival payments software firm, Openway. Pardon was with Openway for a decade, as MD for Europe and the Middle East, and prior to that he had a short stint at Mastercard. He is now director of global business develop- ment at BPC.


BPC has also added a new SVP, man-


aging director, product development and project delivery. This is Marcel Bank, who joins from UBS where he spent over a dec- ade working across a number of strategic IT-based roles. Bank has also held similar positions at Capgemini, Ernst & Young and Credit Suisse.


Temenos is looking for a new head of inves- tor relations, following the departure of Andrew Smith. Smith was with Temenos since 2012, having moved there from Deutsche Bank. He is off to join gaming software company, Playtech. Other recent departures at Temenos


are Mike Head and Costa Christodoulou. Head was global alliances director at the vendor for seven years, while Christodoulou had a ten-year stint at Temenos in a number of roles, including managing the Northern Europe and CIS operations and heading group sales. Most recently, he was group HR director. It is also understood that Temenos has


recently let go its team in Greece, which mainly consisted of sales people.


ATM software specialist, Wincor Nixdorf, has appointed a new general manager for its UK and Ireland banking operations, Richard Broadbent. He also joins the com- pany’s UK board. Broadbent moves from Fiserv, where he had been since 1997, most recently as VP of strategy and channel development. Meanwhile, Gary Mahon has joined


Wincor Nixdorf as head of professional ser- vices, banking, in the UK and Ireland. He moves from SAP, where he held various senior roles, most recently as sales director, field services. Prior to this, Mahon held the role of regional head of banking services at Sun Microsystems.


George Ravich, a veteran of the fintech marketing industry, has been recruited by Polaris Consulting and Services to be its chief marketing officer and EVP. Ravich joins from CSC, where he was head of marketing of the vendor’s consulting division. Prior to that, he spent over a decade at payments software vendor Fundtech.


Polaris’ sister company, Intellect Design Arena, has poached Andrew England from McKinsey to be the vendor’s head of strate- gy of its transaction banking division, iGTB. England’s experience includes an MD and head of transaction banking role at Lloyds, head of Central and Eastern European transaction banking at Unicredit and head of cash and trade products at Deutsche Bank.


Paypal’s management upheaval continues as the company is gearing up for its spin off from eBay. Following last year’s departure of president David Marcus (he joined Face- book), Don Kingsborough, head of offline retail operations has quit. Kingsborough was in charge of making Paypal a wide- spread payment option at brick-and-mortar shops, but this initiative failed to take off, leaving Kingsborough ‘a little frustrated’, as he told the re/code news site. ‘I wish we as an executive team would have done more,’ he said. Kingsborough joined Paypal in 2011,


with a wealth of experience from his days at US-based gaming and licensing company, Atari, and the Blackhawk Network prepaid card entity. Meanwhile, eBay has embarked on a


job-cutting spree ahead of Paypal’s spin-off.


Cash management solutions specialist, Cashfac Technologies, has promoted Rich- ard Cummings to CEO. Cummings joined Cashfac as deputy CEO a year ago. His expe- rience includes management roles at Sun-


© IBS Intelligence 2015


gard, Reuters and Smartstream Technolo- gies.


Financial data messaging software special- ist, Volante Technologies, has opened two new offices in Jersey City and Hyderabad to accommodate its growing testing and development teams, and has also made two new senior exec hires. Nadish Lad is now head of payments product and Peter McKenna is global marketing director. Lad moves from Ernst & Young, where


he was a senior manager in the financial services advisory practice, focused on the development of corporate banking trans- formation for large UK banks. Prior to that, he was at Wipro UK and Citi. McKenna was previously at DST Glob-


al Solutions (now part of SS&C), where he was in charge of global marketing strategy and operations for the vendor’s investment management software division. McKen- na has also worked for Temenos, Misys and Thomson Reuters.


Fidessa has bolstered its sell-side team with the appointment of Jay Biancamano as head of equities product marketing for the Americas. He will be based in New York. In 2013, Biancamano founded Hoyvin Inc, a trading technology firm that used artificial intelligence and human-computer interac- tion to assist traders in sourcing alpha from social media. Prior to this, he was acting CEO and executive chairman of the trou- bled Pipeline Trading Systems (later Aritas Securities), which came under fire from the Securities and Exchange Commission (SEC) and was subsequently shut down. Bianca- mano also had a long spell at Liquidnet as global head, and was also director of ITG.


Wolters Kluwer Financial Services has appointed Richard Reeves as VP of strategy for the vendor’s broad OneSumX solution for governance, finance, risk and compli- ance management. Prior to this, Reeves was senior director at IBM’s Algorithmics risk management and reporting business, where he led the business intelligence group. Reeves was also managing director of Sungard’s Whitelight (a US-based Basel II software vendor) and a senior manager at KPMG.


www.ibsintelligence.com 53


appointments


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