Boyce was formerly a non-executive director of CB.Net. He has previously held roles including global head of equities group for ABN Amro, chief operating officer for the Asia Pacific region at SociÃ©tÃ© GÃ©nÃ©rale and finance director at W.I.Carr. CB.Netâs former chairman, Phillip Horsnall, remains on the board as a non executive director.
Tim Boyce, chairman, CB.Net, comments: âThe benefits of outsourcing international payments reference data are proven â streamlined payments processes, improved Straight-Through Processing and significant cost savings for banks and corporate organisations. We intend to ensure CB.Netâs Payments Reference Data Services (PRDS) remain at the forefront of the reference data revolution and are looking forward to strong growth in 2007.â
Ian Dunning, managing director, CB.Net, adds: âTim has considerable industry and management expertise and his appointment strengthens our position as the most effective provider of outsourced reference data. With regulatory changes and improved technology impacting payments management it is an exciting time for the industry and for CB.Net. We will continue to develop and expand our product offerings globally and to build our partnerships with the leading players in this space.â