18 August 2017
visit www.avoka.com

Misys poaches Oracle's Derrer as new retail banking chief

26 April 2004  |  3896 views  |  0 Misys poaches Oracle's Derrer as new retail banking chief

Misys has appointed Andrew Derrer from Oracle as chief executive of its retail banking systems division, replacing Wayne Ginn.

In joining Misys, Derrer leaves his position as VP, financial services for Europe, Middle East & Africa at Oracle. For the last seven years he was responsible for Oracle's financial services business across the Emea region.

He devised and drove the execution of the Go-to-Market Strategy for Oracle Financial Services, and claims to have more than doubled this part of Oracle's business in the last four years.

Previously, Derrer founded EWI Business Consulting, a consulting company based in Switzerland and India. Oracle bought the business in 1997 and the Indian operation now has close to 500 consultants providing offshore services to Oracle's customers worldwide.

He takes over the retail banking helm from Wayne Ginn, formerly of Alltel and System Access, who was recruited last year to head up the newly-formed division. Misys has given no reason for Ginn's departure, short of saying that he was brought onboard to deal with the transition to the new structure.

Says Derrer: "We are in a market that is set to grow by more than eight per cent this year, but looking at the dynamics of demanding customers, IT costs and the regulatory requirements of Basel-II, AML, IAS-39 and Sarbanes-Oxley, I believe that in the medium term packaged enterprise software in core banking is set for more dramatic growth."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Former Misys tech head establishes Web Services STP start-up

Former Misys tech head establishes Web Services STP start-up

30 March 2004  |  3877 views  |  0 comments
Misys adds S1 front office components to core banking package

Misys adds S1 front office components to core banking package

15 March 2004  |  4230 views  |  0 comments
O'Leary to take top spot at Marlborough Stirling

O'Leary to take top spot at Marlborough Stirling

06 February 2004  |  27028 views  |  0 comments
Bristol & West International rolls out Misys' Bankmaster

Bristol & West International rolls out Misys' Bankmaster

28 January 2004  |  3381 views  |  0 comments
Misys struggles in weak markets

Misys struggles in weak markets

22 January 2004  |  4247 views  |  0 comments
Misys tumbles on trading update

Misys tumbles on trading update

17 December 2003  |  3976 views  |  0 comments
Bank Aval to install Misys Bankmaster

Bank Aval to install Misys Bankmaster

11 November 2003  |  10302 views  |  0 comments
Misys Retail Banking appoints Benn and Neill to global marketing team

Misys Retail Banking appoints Benn and Neill to global marketing team

18 August 2003  |  4290 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.euvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7597 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7281 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6013 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5961 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5839 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job