Nadeem Syed has taken over the role of Misys chief executive officer, a role previously held by Brett Bolin.
Syed joined the software provider in June 2012 as president and chief operating officer (COO) and, according to a statement issued by Misys “has been at the heart of the company’s transformation since its acquisition by Vista and merger with Turaz”.
He started in his new position on June 1.
Bolin has been promoted to the role of executive chairman, and will continue to sit on the company’s board of directors.
Meanwhile, Amanda Mesler has been named as the company’s new COO. She joins Misys from CGI, where she was part of the executive committee with joint responsibility for the overall operations, CEO business consulting and North America. At Misys, she will be responsible for the services and support organisation.
The two new hires follow Misys’ appointment of a new CFO, Himanshu Raja, in February this year.
A year since its acquisition by private equity firm Vista in June 2012 has brought “strong growth” for the company, it says.
“Over the past 12 months we have grown the software licence revenue and operating performance of the business by around 30% and 95%, respectively,” says Bolin. “This strong foundation sets us up well for future success and we are confident of maintaining that trajectory. I am pleased to hand over to Nadeem and am confident that he will build on this great first year as a privately-owned company to reinforce our leadership in international financial technology software.”