TietoEnator Financial Solutions UK appoints new Managing Director to continue UK growth strategy

25 January 2007

TietoEnator Financial Solutions UK has announced the appointment of Richard Gammon to the role of Managing Director. Richard joins TietoEnator from Accenture, where he ran the UK & Ireland banking division of the Financial Services Solutions Group. During more than 20 years in the financial services software industry he has held a number of senior international roles including the managing director position at Fiserv. His appointment to TietoEnator follows the retirement of Linda Fisher in December 2006.

TietoEnator is targeting the UK as a major growth area for its banking and insurance solutions and 2007 will see the announcement of a number of significant new customers and progressive new solutions.

“The UK and Ireland banking sector continues to be a competitive market and the fresh and distinctive approach that TietoEnator is bringing to this market gives the company an ability to deliver customer value in ways unachievable with the conventional offerings available elsewhere. The banks are still working on reducing the complexity of their business processes and, although modern IT platforms are necessary to achieve that, TietoEnator has experience of delivering complete solutions in markets which have already transformed to new operating models. This experience is essential to reliably delivering holistic change” explained Richard Gammon.

He continued, “TietoEnator has an excellent client base and a great reputation in the market as a trusted partner in the safe delivery of complex core solutions. This reputation is one of the drivers underpinning our growth. For example, one in five of all UK mortgages is now processed through TietoEnator systems. As banks move to take control of their cost : income ratios, the attraction of a reliable partner, able to genuinely influence the bottom line through effective contribution to business transformation is a strong one. There are plenty of software solutions in the market, but they need to be delivered with a vision of a long term strategic partnership of mutual reward and respect. TietoEnator is a prime example of how this is being done to good effect.”

Richard Gammon lives in Hampshire where he enjoys golf, horse racing and motorcycling.

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