Latest Movers and Shakers w/c November 12th 2012

Tom Smith joins 3V’s board

3V Transaction Services (3V), 3vcorporate.com - the global payment platform provider, has announced the appointment of Tom Smith of TTV Capital to its Board, following their recent €5m Series B investment. The investment will fund further expansion into US and European markets in 2013.

Commenting on the announcement, 3V CEO, Kieron Guilfoyle, said: "Tom's appointment to the Board brings a wealth of experience and knowledge of global payments to the Company and further strengthens the Company as it scales operations globally."

Steven Van Wyk appointed Head of Operations and Technology at PNC

The PNC Financial Services Group, Inc. (PNC) today has announced that Steven C. Van Wyk has been appointed Head of Operations and Technology.

Van Wyk succeeds Vice Chairman Thomas K. Whitford, who has announced his retirement, with effect from March 2013.

Van Wyk will join the company as executive vice president and serve as a member of the Executive Committee in January 2013.

"Steve brings demonstrated leadership in building and enhancing information technology organizations," stated James E. Rohr, PNC chairman and chief executive officer. "We expect him to build on the outstanding work of Tom Whitford. During Tom's 29 year career, his leadership has been instrumental in positioning PNC to be successful throughout periods of significant growth and change."

Prior to his appointment at PNC, Van Wyk served as global chief operating officer for ING. He was promoted to that position in 2007, one year after joining ING as chief information officer of the America's Division. He held several positions at Morgan Stanley from 1996 to 2006, including global CIO and global head of Operations & Technology for the Retail Division.

KashFlow names Raj Patel vice chairman

KashFlow, the award winning cloud-based accounting software company has appointed seasoned software CEO Raj Patel as Vice Chairman. Raj joins KashFlow in the new formal capacity following 5 years as CEO of global business software company, Exact.

Raj Patel commented: "The traditional accounting software market is in the midst of a significant paradigm shift based on new technology, new business models and a new generation of users. Over the past few years, it's become apparent that traditional vendors are struggling with the magnitude and speed of change, which allows smaller, more nimble and agile players to create disruption in what has been a very mature industry."

Raj continued: "With incumbent players struggling in a changing macro-economic environment where new businesses are formed every day, a huge growth opportunity emerges. Duane was one of the first IT entrepreneurs to envisage and capitalize on it. With its track record, innovative products, superior customer engagement and growth plans for the coming years I am convinced KashFlow will further its lead. I am excited to be able to play a role in this journey and look forward to working with our team, our customers and our partners in making what has already been great journey even greater."

Leading industry analyst, Richard Holway commented: "I've followed KashFlow for many years. They really have given Sage, and other established companies in the market, a run for their money. It's difficult enough to grow a company from scratch to £1m, but even more difficult to make the transition from 'startup run by the founder' to the next stage. The appointment of highly experienced new executives to join Duane Jackson is extremely good news and bodes well for the future of KashFlow and its customers"

Duane Jackson, Founder and CEO commented: "We've been working with Raj for much of 2012 and he has already had a significant impact on the business working part time and behind the scenes with the management team. I'm really excited to be bringing him on board full time.

Duane continued: "We've rushed into senior appointments in the past so we wanted to take our time to make sure we got this one right, and we're confident that Raj is the perfect addition to our team."

Union Bank lures BofA veterans for top IT roles

Dana Edwards has joined the bank as executive vice president and Chief Technology Officer and Meera Rao has joined as senior vice president, Chief Enterprise Architect.

Edwards is responsible for leading the Information Technology Group, which supports more than 10,000 employees and manages all aspects of technology for retail banking, commercial banking and corporate services, while Rao is responsible for four areas of information technology architecture including: business architecture, data architecture, application architecture and technical architecture.

Both are based in Los Angeles and will report to Senior Executive Vice President and Chief Information and Operations Officer John Itokazu.

"Our IT operations will be greatly enhanced by the addition of these two natural leaders," said Itokazu. "We look forward to Dana's stewardship of Union Bank's information technology, and as we continue to grow the bank, Meera's wealth of industry experience and strategic vision will be a great asset."

The Card and Payment Jobs Team would like to congratulate all the new starters in their new roles.

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