Temenos Opens New Nordics Headquarters in Copenhagen
Move signals Temenos’ strategy of high investment and growth for the Nordics region
GENEVA, Switzerland – 12 May 2015 – Temenos (SIX: TEMN), the market leading provider of mission-critical solutions to the financial services industry, today announces the opening of their new office in Copenhagen, Denmark.
The Nordics has always been a key part of the Temenos European business and one in which the local banks have been investing in leading edge packaged software for years. The office will be Temenos’ Nordics headquarters and a region hub where project delivery, product support, local banking expertise and business development teams will be based and accessible to customers and prospects.
The office will be headed up by Steen Jensen currently in charge of Northern Europe for Temenos. Steen Jensen brings 30 years of experience in the region. This new Temenos entity will be initially powered through internal transfer, as well as a local recruitment campaign.
David Arnott, Temenos CEO, said:
“I am very excited about our decision to open a Nordics headquarters in Copenhagen. For us, this is a natural next step in our strategic roadmap for the region. It will give us the ability to effectively work and service our customers and prospects through our local presence and it will provide central access to the entire region, including attracting local talent”.
Temenos AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers as well as over USD 5 trillion in assets. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, they enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.