In his new role Carruthers will be responsible for overseeing group strategy, increasing company revenue and concentrating on key products and services including ActiveBank .net, ActiveBank e and ActiveBank Web. Peermohamed reports directly to Carruthers, and now has responsibility for developing global sales through the recently formed worldwide sales team. The newly created global sales director position is part of Financial Objects’ growth strategy for a worldwide integrated sales and support operation.
Prior to his new role, David Carruthers has completed a successful year as managing director of Financial Objects’ Advanced Systems Division. Previous to this role, he was head of Financial Objects’ international division which, up until now, has been headed by Peermohamed.
Carruthers commented: Our new Microsoft compliant, browser-based, component products take us into completely new areas of opportunity, allowing us to not only meet the needs of the international wholesale banks, but most importantly to support mainstream retail and domestic banks and the new virtual banking operations.
Our ActiveBank technology is highly scaleable and its architecture allows us to deliver both selected components to support specialist business requirements as well as complete core-banking systems. We are seeing a rapid expansion of the deployment of these products and the growth opportunities are very clear.
David has been with Financial Objects since 1996 when IBIS Ltd was acquired by Financial Objects and integrated with their existing operations. He now has over 25 years’ professional experience in the financial IT sector and is an expert in international banking. Carruthers began his career at NCR where he was heavily involved in the design of NCR’s real-time operating system. He was a founder director of IBIS Ltd, and the principal designer of the original IBIS banking system, the predecessor of Financial Objects’ IBIS/S2 product.
Peermohamed moves into the new position of executive sales director following two roles within Financial Objects. In his position as head of Financial Objects’ international division he was responsible for heading up overseas operations. Prior to that he was director of the Americas region. Financial Objects strategy for expansion has already commenced with the recruitment of three new sales staff.
