Temenos elects Mark Austen as non-executive director

Source: Temenos

Temenos Group (SWX:TEMN), a provider of integrated core banking systems, announced today that Mark Austen is to be recommended by the Board for election as a new non-executive member of the Group's Board of Directors at the next Annual General Meeting of Shareholders in May 2006.

Based in London, Mark Austen brings to this role an extensive background of executive responsibility in international business and banking industry consulting. Most recently, he has served as an executive of IBM's Business Consulting Services, following a 20-year career with PricewaterhouseCoopers. There, he rose to become managing partner of Global Financial Services, and from 2000 to 2002 was an elected member of PWC's Global Board. Mark Austen was a member of the transaction group that oversaw the sale of the consulting business to IBM.

Austen says: "TEMENOS is at a very exciting point in its development. I am very much looking forward to applying my expertise in financial services to this company, which consistently ranks among the leading core banking system providers."

George Koukis, chairman, TEMENOS, adds: "I am delighted that Mark Austen has agreed to join our board. He is a very well recognised expert in the global financial services sector, and the Board and I are anxious to welcome him as TEMENOS continues with its strategy for growth and development."

Mark Austen, 56, a fellow of the Chartered Institute of Management Accountants, is also a non-executive director of Smartstream Technologies and a director of Philharmonia Trust Ltd., which governs the Philharmonia Orchestra.

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