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Fundtech appoints Ed Gainer head, US cash management business

18 February 2010  |  3834 views  |  0 Source: Fundtech

Fundtech (NASDAQ: FNDT), a market leader in global transaction banking solutions, today announced the hire of Dr. Ed Gainer III as Head of its US Cash Management Business Unit.

Dr. Gainer was formerly a co-founder of Generated Systems Technologies, an innovator in automated small business banking and a provider of professional consulting services. He brings over 30 years of experience in the financial technology industry, including senior management positions at Brokat Technologies, Transaction Software Technologies, and National Data Corporation.

Dr. Gainer will be responsible for product development and growth strategies for Fundtech's North American cash management business. Specifically, he will oversee the development and deployment of the Fundtech cash management product suite, including CASHplus®, one of the industry's leading electronic banking systems and recently rated the most technologically advanced by analyst group Celent. Fundtech customers will benefit from Dr. Gainer's depth of experience in providing banks with a competitive edge via sophisticated software solutions.

Commenting on the appointment, Fundtech President and COO Michael Sgroe said: "We are absolutely delighted that Ed is joining Fundtech's management team and look forward to his leadership and contributions to our cash management business. We remain committed to bringing on board the most experienced, talented and hard-working minds in the industry. By giving our clients access to this pool of expertise, we enable them to become the preferred providers of treasury management services."

Commenting on his appointment, Dr. Gainer said: "Fundtech has a strong foothold in the cash management business, and I look forward to further building upon this platform for growth. The company is very well-poised to take advantage of the banking industry's increased appetite for technology innovation and focus on improving the client experience."

Prior to joining Fundtech, Dr. Gainer was a co-founder of Generated Systems Technologies, Inc., where he consulted with top 50 banks on portal development and cash management product development... Prior to that, Dr. Gainer was the Senior Vice President of Strategy for Corporate e-Banking at Brokat Technologies. He was also the CEO and co-founder of Transaction Software Technologies, Inc. and the Vice President of Cash Management Development at National Data Corporation. Dr. Gainer holds a Doctor of Philosophy in Industrial and Operations Engineering and Master of Arts in Mathematics from the University of Michigan.

Dr. Gainer will be based in Fundtech's Norcross, Georgia office close to where he currently lives with his family.

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