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Martin to be CEO of banking

Ivan Martin is quitting as Misys Financial Services chief executive to become CEO of the group&#39s banking and securities division.

He replaces Rupert Soames who is leaving the group after six years in banking and securities.

Martin joined the group in 1995 as part of its acquisition of software firm ACT, he was appointed divisional chief executive of information systems, before taking over as CEO of financial services the following year.

In the run-up to the planned flotation of the financial services division, Misys aims to recruit a replacement with relevant experience. In the meantime, managing director John Sussens will oversee the process.

Misys chairman Kevin Lomax says: “Over the past few years, we have been developing and growing a strong senior management team. The time is now right to take the next step in this process and make these appointments. Ivan has demonstrated his capability and commitment during his period at Misys and will now help carry forward the leadership of the group.”

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