VERMEG, the software services specialist, which provides core technology for managing compliance, regulatory requirements and digital transformation across the banking, wealth management and insurance sectors, has appointed Paul Thomas as UK General Manager.

Paul joins with more than 20 years’ experience in the FinTech and RegTech industry having worked at organisations such as Misys, ION Trading and most recently AxiomSL.

In his most recent role, Paul was responsible for overseeing AxiomSL’s business development for new products in Europe, whilst also leading the global team for ‘Shareholding Disclosure Monitoring and Reporting’.

In his new role, Paul will be part of the VERMEG Executive Committee and will be responsible for sales, pre-sales, professional services and local client support for all industries and product lines in the UK.

Paul will be based from VERMEG’s new London office on Bevis Marks in the City.

VERMEG has significant expansion plans for the UK market and has already won several new client contracts for its regulatory reporting, collateral management and clearing solutions in 2019; as well as further expanding within its existing client base here in the UK. VERMEG offers a broad portfolio of products that provide class leading digitalization solutions within financial services and insurance as well as best of breed solutions for post trade processing and asset management. Our mission is to help financial institutions and insurance companies make significant steps towards improving efficiency and client services through digitization.

VERMEG has also recently opened new offices in Brazil and Mexico to meet growing global demand for its specialist software products.

Paul Thomas, UK General Manager said, “I am delighted to join VERMEG at this point in its development. This is a new start for both me and the UK operation, as we move to new offices in Bevis Marks, and I look forward to leading the highly experienced team here in London with a strong portfolio of specialist financial software products.

“VERMEG has a fantastic list of clients from Central Banks to some of the world’s leading financial services firms and we are well placed to expand our offer to target a greater range of clients as the digital disruption of the financial services industry continues to gather pace.”

Badreddine Ouali, Chairman VERMEG said: “Paul joins at an exciting time for VERMEG with the firm seeing strong growth in demand for its products as clients look to ensure compliance across the banking, wealth management and insurance industries while they transform their operations digitally”.

“We are delighted to have Paul on board and we look forward to working with him to build our UK footprint.”