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Manjinder Jaul
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Temenos strengthens product development strategy with senior appointment

Temenos (SIX: TEMN), the global provider of banking software, today announced that Mark Winterburn has agreed to join as Group Product Director from early 2011. In this role, Winterburn will be responsible for leading the strategic management of Temenos’ banking solutions including product definition, product strategy and market analysis and will oversee a dedicated team of product managers.

He will report to Andre Loustau, Chief Technology Officer at Temenos and will be based in the company’s London offices. Winterburn, who has over 30 years’ experience across a variety of IT disciplines, joins Temenos after having been at Misys, where he held the position of VP Solutions Management and Product Development of the company’s Banking and Treasury Capital Markets division. In this role, he was responsible for creating and implementing new solution strategies for the business, the development of the company’s delivery engine and the execution of a number of new solutions to market including Misys BankFusion. Prior to this, Winterburn held a number of senior
level positions at Lloyds TSB Group spanning more than fifteen years.

“This role will give me the opportunity to join the clear market leader in core banking solutions, which has the budget, capacity and geographical reach to respond to ever changing customer demands and thus set the overall technology direction for the market. T24 has garnered a reputation as the most functionally rich, technologically advanced platform available. This is reflected through the unparalleled efficiencies banks are achieving with T24, making it the de facto replacement product for legacy systems today; a strategy that we want to accelerate. We will now focus on leveraging the platform even further through unprecedented investment over the next five years to
address new markets and support Temenos’ growth plans”, commented Winterburn.

“I am delighted that Mark will be joining Temenos at such an exciting time for the company and the industry as a whole. The core banking replacement market is undoubtedly returning to growth as banks strategically look to technology as the key differentiator to their long term success. Being able to offer such a broad solution suite is clearly a compelling proposition to banks that want to accelerate performance yet drive down costs; I am confident that Mark will make a significant contribution in taking T24 from strength to strength as the core platform of choice across the worldwide banking industry”, commented Andreas Andreades, CEO, Temenos.