The financial software company’s new chief is expected to drive Finastra’s continued growth as it moves towards a platform and subscription-based business.

U.K.-based financial software provider Finastra has announced the appointment of Eric Duffaut as the company’s new President and Global Head of Operations, a press release announced Friday.

A veteran in the technology field with over 20 years of experience, Duffaut brings a wealth of experience in global sales strategy, supporting digital transformation and delivering growth and customer value. He previously held positions at SAP, Oracle and Unisys, and was most recently Chief Customer Officer at Software AG.

«Eric is a visionary and inspiring business leader and will help us to deliver our mission of taking Finastra into the future as a market maker for innovation in financial services,» Finastra CEO Simon Paris said.

Transformation to Platform Model

According to the company, Duffaut will take responsibility for the company’s entire go-to-market organization including global sales, services and consultancy, as well as oversee the Finastra partner ecosystem as the company shifts to subscription-based and cloud-based models, known as fusionfabric.cloud. He will begin work in early February 2019.

Finastra was formed in 2017 with the merger of financial software firms Misys and D+H. The company provides digital transformation solutions for small and mid-sized banks, providing package solutions that allow them to compete in the cloud environment.