He joins Misys from GL Trade Frankfurt, where he was the area sales manager for Fermat Risk Management Software, with responsibility for Germany, Austria and Switzerland.

Mr Friedman has more than 20 years sales experience in the financial services industry, having worked at such institutions as Merrill Lynch, SWIFT, Bloomberg and Front Capital Systems. He brings with him in-depth knowledge of the investment banking industry and has a successful track record in providing solutions to financial institutions in Germany and central Europe. Mr. Friedman is an American citizen, but speaks fluent German and has lived in the Frankfurt area for more than a decade.

"I am delighted to be joining Misys Banking Systems," says Frederick Friedman. "The product portfolio is going from strength-to-strength in Germany and central Europe, and Misys has a fantastic track record of responding to customer needs with innovative and robust solutions. This is an exciting time to come on board to help guide and shape the growth of the business by continuing to demonstrate our understanding of our clients needs. In Europe, banks are focused on managing balance sheet risk to achieve the best risk reward ratio (RAROC) and structured products seem to be providing one of the best mechanisms to fine tune this risk. Misys is uniquely positioned to help customers handle complex structures by facilitating not just creation of innovative structures but providing the infrastructure to manage the entire trade life cycle and enable cross-asset STP."

"We are pleased to have appointed someone with such a depth of knowledge and track record of success in both Germany and the rest of central Europe," comments Marc Coutelier, Managing Director - Continental Europe, Treasury and Capital Markets at Misys Banking Systems. "Mr. Friedman is committed to helping ensure that we enhance our market leading cross-asset position in the treasury and capital markets arena by having great people and great products which focus 100% on the needs of the customer."