Temenos announces new addition of non-executive director
21 October 2005
GENEVA, Switzerland – 21 October 2005 - TEMENOS Group (SWX:TEMN), a provider of integrated core banking systems, announced today that Mark E. Austen is to be recommended by the Board for election as a new non-executive member of the Group’s Board of Directors at the next Annual General Meeting of Shareholders in May 2006.
Based in London, Mark Austen brings to this role an extensive background of executive responsibility in international business and banking industry consulting. Most recently, he has served as an executive of IBM’s Business Consulting Services, following a 20-year career with PricewaterhouseCoopers. There, he rose to become managing partner of Global Financial Services, and from 2000 to 2002 was an elected member of PWC’s Global Board. Mark Austen was a member of the transaction group that oversaw the sale of the consulting business to IBM.
Austen says: “TEMENOS is at a very exciting point in its development. I am very much looking forward to applying my expertise in financial services to this company, which consistently ranks among the leading core banking system providers.”
George Koukis, chairman, TEMENOS, adds: “I am delighted that Mark Austen has agreed to join our board. He is a very well recognised expert in the global financial services sector, and the Board and I are anxious to welcome him as TEMENOS continues with its strategy for growth and development.”
Mark Austen, 56, a fellow of the Chartered Institute of Management Accountants, is also a nonexecutive director of Smartstream Technologies and a director of Philharmonia Trust Ltd, which governs the Philharmonia Orchestra.
About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com