Temenos, the provider of integrated core banking systems, appoints Koen Van den Brande as Group Strategy and Marketing Director. Former Group Strategy Director – Mark Gunning has been appointed to Group Retail Banking Director.
Temenos has also appointed Mike Head as Global Partners Director and Gareth Jones as Retail Business Development Director. The changes in staff meet Temenos’ continued organic growth.
The appointment of Koen Van den Brande is directed to boost Temenos’ product and marketing strategy worldwide. He will report to Mark Cullinane, Temenos’ Chief Operating Officer, and will be based out of the company’s London office. Koen Van den Brande has 25 years experience working in the financial technology sector. He joins Temenos from Microsoft, where he was Worldwide Industry Manager for Core Banking, responsible for leading Microsoft’s global core banking initiatives and establishing a partner-led go-to-market strategy.
Among Van den Brandes significant merits is participation in the design of BIAN, the Banking Industry Architecture Network. The association was established to assist banks moving to a next generation SOA-based core banking platform by creating a community to exchange expertise in SOA principles and methodologies and focused on compiling standard semantic definitions of banking enterprise services. As a member of Microsoft team Van den Brande worked with Temenos and such large banks as Credit Suisse, Deutsche Bank and ING.
Brandes expertise also covers a number of senior positions at Polaris Software Labs, Misys and Midas-Kapiti.
Mark Gunning as a new Group Retail Banking Director will be responsible for driving the development and execution of Temenos’ global retail banking strategy and building the company’s presence in this sector.
Temenos continues to enjoy strong growth across all regions thanks to comprehensive products and services and a compelling investment and product roadmap, the outcome of its high R&D investment, which at around 20% of revenues each year increases.
According to the financial results achieved during 12 months to 30 September 2008 Temenos has $168.5 million in license revenue and $410.0 million in total revenue, representing increases of 35% and 45% on the previous 12 months.
Temenos, through its focus on a single product version, based on a flexible and modern architecture, is able to frequently invest a higher proportion of its revenue into R&D than all its competitors and this secures its market leadership in core banking technology, says Van den Brande. I have observed how the Temenos brand has developed significantly and look forward to leveraging the company’s strong position further for continued growth.
Koen’s arrival is confirmation of Temenos’ continued ability to attract the best talent in the industry, says Andreas Andreades, CEO, Temenos. I look forward to working with Koen and am fully confident that he will be instrumental in ensuring that TEMENOS not only remains the global leader in core banking software but that this leadership is further extended. In addition, Mark Gunning’s new role reinforces our aggressive growth plans for the retail banking sector and demonstrates our commitment to assisting this market during these uncertain times, in providing highly scalable, flexible software to maintain and improve performance at a reduced cost of ownership.
L.D.