FIN
02/10/2014 14:14
DIRECTOR
REL: 1414 HRS Finzsoft Solutions Limited
DIRECTOR: FIN: Westpac Senoir Executive appointed to the Board of Finzsoft
2 October 2014
Banking & Finance Technology News
Westpac Senior Executive Gary Sim Appointed To The Board Of Finzsoft
Solutions Limited
AUCKLAND, 2 October 2014 - Finzsoft Solutions Limited (NZX:FIN) today
announced the appointment of Westpac Banking Corporation General Manger
Service Delivery Infrastructure, Gary Sim, to the Finzsoft Board, effective
10 October.
Finzsoft Chairman Brent Impey said Mr Sim, who up until recently was
responsible for Westpac Group's technology infrastructure and the delivery of
strategic IT imperatives, would add a wealth of experience to the
Auckland-based financial technology company. The Finzsoft appointment is the
first external directorship accepted by Mr Sim following the announcement
that he will retire from Westpac Group in mid 2015.
Impey said that attracting a Director of Gary Sim's calibre underscores the
quality of Finzsoft's products and service and the company's current momentum
and growth path.
"Gary brings to Finzsoft a breadth of experience in technology management
spanning 30 years. His demonstrated track record of transformational
leadership with large financial services companies and major technology
suppliers is an important addition to our director mix that will allow us to
successfully lead Finzsoft through an exciting growth period," said Mr Impey.
At Westpac, Mr Sim's responsibilities were global and covered all of the
Group's brands (Westpac, St. George and BT) and its major infrastructure
outsourcing agreements with IBM, Telstra, Oracle and Optus. In addition to,
he chaired the bank's major transformation programme steering committees,
strategic supplier governance forums and led the infrastructure planning and
strategy team.
Mr Sim also led Westpac's infrastructure and operations team through the
merger with St George Bank. St George uses Finzsoft's software and solutions
across its vehicle and equipment finance businesses in Australia. Since St
George, a division of Westpac Banking Corporation, acquired the Capital
Finance Australia Limited (CFAL) businesses and portfolios from Lloyds
Banking Group Australia in December 2013, Finzsoft has secured multiple work
orders to integrate CFAL's portfolios into St George.
Gary Sim says that his first-hand experience of Finzsoft's banking and
finance software, solutions and service led him to join the Finzsoft Board:
"I have long admired Finzsoft's innovative solutions that help banking and
finance clients drive profits up and costs down and am honoured and excited
to be joining the Finzsoft Board as my first external directorship.
"The years I've enjoyed at Westpac heading up the Group's service delivery
infrastructure have given me valuable insights into strategic IT imperatives,
getting the best out of people and leading transformative and business
improvement projects. The time has also taught me what works and what
doesn't. More importantly, what the future holds - which is both
challenging and full of opportunity.
"What lies ahead are changes in the design and distribution of financial
services, the pressing need for efficient operating models that deliver
agility, availability and stability, the focus on digital disruption,
mobility, cloud computing, internet banking and granular customer data. Not
to mention the competition coming from non-banking sources.
"All these factors feature when it comes to forging a profitable future in
the sector. They also point to growth opportunities for Finzsoft - using its
smart technology, products and innovation to help clients meet the
competitive challenges that lie ahead. I am really looking forward to the
journey and to making a contribution to the board and to the growth of the
business.
"Finzsoft is well-placed to leverage its world leading capabilities for
sustained growth in Australasia and internationally, and I relish the
opportunity to apply my experience and passion around leading technology for
business transformation," said Mr Sim.
In addition to his executive roles at Westpac Group, Mr Sim has also managed
technology infrastructure and telecommunications services projects for CBA,
IBM, Siemens and Fujitsu.
Finzsoft's Board has determined, in accordance with the requirements of NZX
Main Board Listing Rule 3.3.3(b), that Gary Sim is currently not independent
due to Mr Sim being a senior executive of Westpac Banking Corporation and St
George, a division of Westpac Banking Corporation, being a major customer of
Finzsoft.
The new addition brings the number of Directors on the Board from three to
four. The Board now consists of:
Brent Impey, Chairman, Independent Director
Paul Cook, Non-Executive, Independent Director
Gary Sim, Non-Executive, Director
Andrew Holliday, Director
For more information please contact:
Andrew Holliday
Managing Director
Finzsoft Solutions Ltd
Mobile: 021 355 492
Email: [email protected]
-ends-
About Finzsoft:
Finzsoft creates innovative, transformational products and services designed
around the people that use them. Since its launch over 25 years ago, the
company has provided financial software and solutions providers for banks and
financial institutions in Australasia. Finzsoft has offices in Singapore,
Malaysia, Australia and Auckland and employs over 80 people. www.finzsoft.com
End CA:00256017 For:FIN Type:DIRECTOR Time:2014-10-02 14:14:38