Austria's largest bank, Erste Bank der Osterreichen Sparkassen has renewed its in-house license for Rolfe & Nolan's back office system Ransys.
The bank - which has been using Ransys for ten years - undertook a comparative review of other vendor offerings but opted to stay with Rolfe & Nolan for a further three years.
Commenting on the agreement, Hannes Waclavsky, head of custody services and derivatives operations for Erste says: "The Rolfe & Nolan system has proved to be one of the most stable applications...we have built up a very strong relationship with Rolfe & Nolan over the years and find their service infrastructure is unrivalled."
Seperately, Rolfe & Nolan has announced the appointment of Jim McCarthy as its new director of European sales. He returns to the vendor after a two year spell at Consort Securities System and will be responsible for expanding the Rolfe & Nolan product offering as well as exploiting new opportunities across European markets.