UK
Company: Misys
Reasons to fear the Misys-Temenos deal
Whenever significant deal like Misys’ potential merger with Swiss rival Temenos emerges employees within the firms understandably start getting a little nervous. On the one hand the announcement talks of how Temenos’ focus on banking, wealth management and business intelligence software “complements” Misys’ expertise in core banking, treasury and capital markets IT, which is slightly [...]
Vendors likely to recruit, as banks penny pinch on IT staff
IT headcount within the banking sector looks set to shrink over the next few years, as more firms take the cheaper option of utilising a third-party provider. This does mean, however, that jobs are coming within financial tech vendors. Consultancy Celent is predicting that European banks will spend $18.5bn on IT staff this year, compared [...]
Can vendor recruitment survive the downturn?
Recruitment at financial technology vendors has been a relative hive of activity this year, and revenues are holding up in the face of shrinking technology budgets at investment banks. However, doubts remain over how long this can continue. Some of the bigger players have posted impressive growth during the third quarter. Oracle Financial Services Software [...]
UK tech firms feel bank budget cut woes
UK technology firms servicing investment banks look set to be hit particularly hard by any budget cuts. Are redundancies on the cards? When, in late November, UK technology company Detica announced that a sharp decline in demand from investment banks had dented its profits, it created a snowball of pessimism for others to announce credit [...]
Buy side boom in 2008?
The buy side may be the hot place to work next year. Investment firms are looking for technologists familiar with multi-asset systems. Financial analyst Larry Tabb of TABB Group says that among the financial trends for next year, risk management software for the buy side will gain resurgence. “As the buy side takes on more [...]
Former Misys head still cashing in
Ivan Martin, former head of the Misys banking software division left the company last year with a near-1m pay-off, and will still get paid thanks to share options potentially worth millions. According to the software company’s annual report he could be eligible for more than 1 million shares awarded to him under long-term incentive plans [...]
Misys cutting jobs
The company is cutting up to 75 UK jobs, including a number of high-profile managerial staff, reports Finextra. Misys announced in January that it was restructuring its banking businesses to form a single global entity following a 25% decline in first half operating profits at the division. The company’s clients include HSBC and UBS, and [...]
Global custody hiring surging ahead
It may not be a repository of the most exciting and well paid jobs in financial services, but when it comes to sheer appetite for staff, there is little to rival the global custody industry. As things stand, the custody industry already employs tens of thousands of people globally. At the end of last year, [...]
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