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Ann: DIRECTOR: FIN: Westpac Senoir Executive appointed to the...

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    • Release Date: 02/10/14 14:14
    • Summary: DIRECTOR: FIN: Westpac Senoir Executive appointed to the Board of Finzsoft
    • Price Sensitive: No
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    					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
    				
 
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