Microgen Appoints Jim Devern

London - 27 May 2009

Microgen today announced the appointment of Jim Devern as managing practitioner. Devern will be responsible for the solution and architectural design of financial transformation programmes using Microgen Accounting Hub (MAH) for major global retail banking and lending institutions. Microgen Accounting Hub is the market leading accounting engine, subledger and financial data warehouse developed using the group’s Business Process Platform (BPP), Microgen Aptitude.
Devern has extensive experience in creating integrated performance management and accounting solutions for global and complex financial institutions. He previously held senior roles at SAP UK, Oracle Europe, and Sovereign Bank in Philadelphia, USA. With 20 years industry knowledge and experience encompassing finance, risk, and core banking solutions, Devern left his role as Financial Services Presales Manager at SAP to join Microgen. Prior to this he spent six years at Oracle where amongst other disciplines, he was responsible for business development and project delivery.

Jim Devern, managing practitioner, Microgen, said: “2008 was a historic year for the financial services industry. One immediate lesson I have taken is that banks require finance and risk solutions that bring a higher degree of data transparency. At the same time such solutions must be robust, flexible and cost effective. Microgen brings the right blend of expertise, product design and agility to the market.”

US-born Jim began his career at Sovereign Bank in Philadelphia where he gained exposure to banking practices such as interest risk, liquidity, balance and pricing management. It is with this knowledge and his skills gained working on large scale bank finance transformation programmes that Devern can help Microgen’s customers to create world leading designs for their finance solutions, and enable them to cost-effectively meet the demands placed on them in today’s challenging economic climate.

“As market conditions, regulatory and management reporting requirements are rapidly evolving in the recovery cycle, I believe that Microgen is well positioned to deliver to banks in a fast and extendible fashion,” continued Devern.

Microgen Chief Operating Officer, David Sherriff, said: “There is a fast growing appetite for a single, fully integrated BPP platform as businesses everywhere are streamlining their operations to achieve a single and clear view of their financial position. With Jim’s know-how in creating integrated performance management and accounting solutions for financial institutions, he is more than up to the challenge of delivering the best possible solution to our customers.”

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