Jean-Pierre Brulard has been appointed CEO of banking software developer Temenos, replacing the outgoing Andreas Andreades.
Andreades will step down as CEO after over a year in the position, whilst also bringing an end to a 25-year career with the company which included 11 years as Executive Chairman.
The outgoing CEO remarked: “It has been a great privilege to build and lead Temenos over the years through its evolution into a leading global software provider and to work with all of our people and deliver for our customers.
“The excellence of the team, the product and the outstanding client references are fundamental to its success and will position the business for an exciting future under the new leadership of Jean-Pierre Brulard as CEO.”
Replacing Andreades, Brulard brings experience with a range of fintech and paytech companies, having spent the last 14 years at cloud computing and software firm VMWare, leaving this company in the position of Executive Vice President of WorldWide Sales and a member of its Executive Committee.
He has also worked as Senior Vice President and General Manager – EMEA at software firm Business Objects between 2000-2008, as well as tenures at TalentSoft in France, Sun Microsystems and IBM.
“I am excited to be appointed as CEO to lead the next phase of growth for Temenos,” Brulard said.
“The financial services industry is going through a period of significant technological transformation and with the quality and breadth of solutions, Temenos is perfectly positioned to work with clients to lead this strategic change.
“I am looking forward to working with our teams to deliver value for our clients and all our stakeholders worldwide.”
Temenos has had a mixed journey this year, having been the subject of criticism from one of its investors, Hindenburg Research. The firm alleged that it had uncovered examples of manipulated earnings and major accounting irregularities.
Fellow investor Petrus was subsequently critical of Hindenburg, calling its allegations ‘mostly hearsay’, but agreed with the firm that Andreades should depart as CEO. Temenos has not stated that the announcement of Andreades’ departure and Brulard’s new tenure has anything to do with the criticism.
The firm appears to have moved past this period of tricky investor relations, however. The following months has seen the firm ink partnerships and support launches with the likes of Šiaulių Bankas, the Philippines’ Metrobank, SurePay and Alter Domus.
The firm announced another commercial development this week, detailing that the National Bank of Iraq (NBI) – part of the Capital Bank Group and a longstanding Temenos client – would be onboarding its core banking and payments products.
The bank has completely migrated from its own legacy platform to Temenos’ solutions, going live this month after a 12-month integration process.
Temenos and the NBI assert that the bank’s use of Temenos’ platform will enable efficient and seamless integrations with other seasons to speed up product development and deliver an improved customer experience.
Lee Allcorn, Managing Director, Middle East & Africa, Temenos, commented: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group.
“With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”
