Ci3, the developer of risk management applications for the financial services sector, has appointed Mike MacDonagh as ERM products director.
Formerly Solutions Manager at QUMAS, MacDonagh has more than 20 years of product management and business development experience in financial services.
MacDonagh has a strong record of helping financial institutions prepare for and cope with some of the most important developments to hit the industry.
As a Product Manager for Misys, Macdonagh was responsible for evaluating the impact of Basel II on Misys’ global client base, working with them to understand the implications, so that Misys could develop their product strategies accordingly.
Previously, he coordinated Financial Objects’ response to EMU, working with a broad range of wholesale and private banks in Europe and beyond to make sure that their transition to the Euro ran smoothly.
“Recent events in the sector demonstrate the vital role enterprise risk management must play in avoiding potential catastrophe for firms. With its financial services focus, and its track record of developing award winning risk management tools for the sector, Ci3 is uniquely positioned to deliver necessary and proven watertight solutions to enterprise,” says MacDonagh.
“We are delighted to have attracted an individual of Mike’s calibre and experience to work with us. Mike’s expertise and industry contacts offer us a unique insight, and we are delighted that he has agreed to join us in achieving the next phase of Ci3’s development,” adds Seamus O’Farrell, managing director, Ci3.