Edward Ho has joined Fundtech as president and chief operating officer.

He joins the transaction banking and payments solutions company from Misys, where he spent nine years, most recently as executive vice-president and general manager, capital markets. Before this, he ran IQ Financial Systems and spent 13 years as an investment banker at Bankers Trust.

Ho will report to CEO Reuven BenMenachem and replaces Michael Sgroe, who has left to pursue new business opportunities.

BenMenachem says: ““We are very pleased to welcome Ed to our board and senior management team. His proven leadership building global technology companies and driving operational excellence will be a welcome addition to our team as we position ourselves to achieve our strategic business and growth objectives.”