Xchanging, a UK-based provider of back office processing services, has appointed former HypoVereinsbank (HVB) COO Matthias Sohler as head of European financial services.
Sohler - who also joins the firm's management board - is charged with spearheading Xchanging's business within banking, insurance, asset management and exchanges for the European financial services industry.
For the last three years Sohler has been a member of HVB's management board, leading the integration of the German outfit's global banking services and IT infrastructure with Unicredit, following its acquisition in 2005.
From 2007, he was also a member of the executive committee responsible for the Unicredit Group operating model and group cost management.
Previously Sohler held management and board member positions at Dresdner Bank and DAB.