22 September 2008 Company Announcements

 

Appointments: Temenos grows in CIS and Northern Europe

Keith Stonell has been appointed as regional director for Northern Europe (NEU) and Commonwealth of Independent States (CIS) for Temenos, one of the company's largest and fastest growing regions according to its statement. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.

Stonell brings to Temenos over 20 years of banking software experience, knowledge of the EMEA region and a senior management track record. Prior to Temenos, Stonell worked at Misys where he held a variety of senior positions including managing director of EMEA for Treasury and Capital Markets and managing director of SE Asia's Banking division.

Costa Christodoulou has been appointed as group sales director. This is a newly created position in which he will mainly focus on the successful roll out of new product initiatives such as TEMENOS ARC and the development of optimal training and support for Temenos' global sales organisation.

Christodoulou joined Temenos in 2006 as Regional Director for NEU and CIS. In this role, Christodoulou grew revenues by 69% and more than doubled profitability for his region.  Christodoulou has 25 years of experience in financial services IT, including several senior executive positions within major software houses including City Networks, ACT Financial Systems, ALLTEL Information Services and Unisys.

Both Christodoulou and Stonell will report to Mark Cullinane, chief operating officer, and will be based in the company's London office.