Fundtech Ltd. (NASDAQ: FNDT), a market leader in corporate banking software and solutions, today announced that as a result of solid growth in its EMEA operations, it has enhanced the regional management to support the company's continued expansion.
This will enable Fundtech to broaden its geographical coverage of the market and to build on its existing client base of more than 200 institutions in the region.
Mark Wilson, has been promoted to the position of senior vice president and managing director of Fundtech's EMEA-London. Previously Mark was vice president of sales.
Dieter Prang has become senior vice president and managing director EMEA - Frankfurt. Previously Dieter was senior vice president of Fundtech GmbH, which was formed when his company was acquired by Fundtech in 2007.
The two regional leaders now manage all aspects of Fundtech's business throughout Europe, Middle East and Africa.
Commenting on the change, Joseph Mazzetti, executive vice president of corporate development said: "Our EMEA business has experienced more than 100% growth over the past three years with products that address the pressing concerns of the market. Our new management structure will enable us to have greater regional coverage and be more responsive to our client's needs. Congratulations to Mark and Dieter on their expanded leadership roles within Fundtech."