Financial services technology company Finastra undergoes leadership transition as current CEO resigns.
Finastra Announces New CEO as Outgoing Leader Steps Down
Finastra, a leading provider of financial services software applications, has announced that Chris Walters will take over as CEO from the current CEO, Simon Paris, who is stepping down after nearly a decade in the role.
Paris expressed pride in the achievements of Finastra during his tenure, noting that the company's software applications now span various sectors, including lending, payments, treasury and capital markets, retail and digital banking. This expansion has enabled Finastra to serve more than 8,000 clients in 130 countries.
One of Paris' most significant accomplishments was overseeing the merger of Misys and D+H in 2017, which formed Finastra as it is known today. Walters, who was previously the CFO of Finastra, expressed excitement about joining the company at this pivotal moment in its journey.
Walters, who most recently served as CEO of Pluralsight and Avantax, also held various leadership roles, including as a partner at McKinsey & Company and the COO of Bloomberg Industry Verticals Group.
During the leadership transition period, Paris and Walters will work together to ensure a smooth handover. Paris expressed his honor in passing the leadership of Finastra to Walters, noting the significant progress made during his tenure. Walters, in turn, expressed his admiration for the progress made under Paris' leadership.
Finastra has a "vision" to "accelerate the future of Open Finance," and with Walters at the helm, the company is poised to continue its growth and innovation in the financial services industry. The exact details of the transition timeline have not been disclosed at this time.
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