FIN
20/04/2015 17:29
DIRECTOR
NOT PRICE SENSITIVE
REL: 1729 HRS Finzsoft Solutions Limited
DIRECTOR: FIN: Silverlake Axis Group CEO Appointed to Board of Finzsoft
Silverlake Axis Group CEO Dr Raymond Kwong Appointed to the Board of Finzsoft
Solutions Limited
AUCKLAND, 20 April 2015 - Finzsoft Solutions Limited (NZX:FIN) today
announced the appointment of Silverlake Axis Group CEO & Managing Director,
Dr Raymond Kwong (Kwong Yong Sin) to the Finzsoft Board.
Dr Kwong's appointment follows Silverlake HGH Limited gaining an 87.89 per
cent stake in Finzsoft Solutions Limited ("Finzsoft"), and Finzsoft becoming
part of the Silverlake Axis Group of companies. As part of the Silverlake
Axis Group ("Silverlake"), Finzsoft has access to the company's more than 25
years' worth of experience and expertise as a technology partner to 40 per
cent of the top 20 banks in South East Asia.
Finzsoft Chairman, Brent Impey says Dr Kwong's appointment broadens the
expertise, experience and perspectives of the Finzsoft Board, and he is
delighted to welcome him into his first external directorship: "Given the
accelerated pace of change in our ever-evolving industry we look forward to
working collaboratively with Raymond and Silverlake Axis to continue
advancing Finzsoft's position as a leading digital economy solutions
provider. Raymond has a wealth of experience in the financial service,
utilities and technology industries that will help position Finzsoft for the
future."
Dr Kwong, who lives in Malaysia, joined Silverlake Axis as a non-executive
director in August 2004 and was appointed Group Managing Director on 1
November 2005. Prior to joining Silverlake Group, Dr. Kwong was a
Partner/Vice President of Ernst & Young Global Consulting and Cap Gemini
Ernst & Young from 1989 to 2000. He was the Senior Manager and Head of IT
Consulting for Coopers & Lybrand (South East Asia) from 1984 to 1989. Prior
to that, he was Senior Systems Analyst for Pacific Power (Australia) from
1979 to 1983. He has a Bachelor of Commerce (Honours) from the University of
New South Wales (Australia) and Ph.D in Information Systems, and is a
Certified Practicing Accountant Australia.
Dr Kwong says that he looks forward to working more closely with the Finzsoft
team as the company expands to meet a growing demand for its core and
vertical banking applications.
"There are strong synergies between Silverlake's product and solutions, and I
look forward to working with Andrew Holliday and his team as they continue
the company's growth through new technologies and by broadening into new
industries and markets."
The new addition brings the number of Directors on the Board from four to
five. The Board now consists of:
Brent Impey, Chairman, Independent Director
Paul Cook, Non-Executive, Independent Director
Gary Sim, Non-Executive, Director
Dr Raymond Kwong, Non-Executive, Director
Andrew Holliday, Director
End CA:00263328 For:FIN Type:DIRECTOR Time:2015-04-20 17:29:32
