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Job losses as Misys merges portals

Up to 35 jobs could be axed following the integration of Misys&#39 m-link and DBS&#39s Assuresoft portals announced last week.

The move follows Misys&#39 purchase of DBS in July.

Thirty-three jobs are set to go with the closure of Misys&#39 m-link development team in London. The futures of Assuresoft managing director Mark Lofthouse and marketing director Nicola Mitchell are also under discussion after it was announced they will not be part of the new board.

Development work on the m-link server is to end as Assureweb becomes the core portal for life, pension and investment products.

The integrated portal&#39s new brand name will be announced later this year.

The 33 m-link staff in London will not be offered jobs at Assuresoft&#39s Cheltenham headquarters but there may be some opportunities within Misys IFA services.

New managing director is Helen O&#39Dea, who was chief executive of Misys&#39 B2B Portals.

Misys plans to become the leading provider of online new business transactions for IFAs, in contrast to rival The Exchange which it claims is mainly a quotation service.

O&#39Dea says: “The Exchange is in a dominant position for providing quotes. Our proposition is new business transactions and end-to-end processing.”

The Exchange managing director Jim Gaskin says: “We already offer an end-to-end solution for bigger organisations and are launching a system for small IFAs next year.”

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