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Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos’ largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.

Stonell brings to Temenos over 20 years of banking software experience, in-depth knowledge of the EMEA region and a proven senior management track record. Prior to Temenos, Stonell worked at Misys where he held a variety of senior positions including Managing Director of EMEA for Treasury and Capital Markets and Managing Director of SE Asia’s Banking division.

Costa Christodoulou has been appointed as Group Sales Director. This is a newly created position necessitated by Temenos’ rapid growth. Christodoulou’s role will mainly focus on the successful roll out of new product initiatives such as TEMENOS ARC and the development of optimal training and support for Temenos’ global sales organisation to maximise its effectiveness and performance.

Christodoulou joined Temenos in 2006 as Regional Director for NEU and CIS. In this role, Christodoulou grew revenues by 69% and more than doubled profitability for his region. Christodoulou has 25 years of experience in financial services IT, including several senior executive positions within major software houses including City Networks, ACT Financial Systems, ALLTEL Information Services and Unisys. Both Christodoulou and Stonell will report to Mark Cullinane, Chief Operating Officer, and will be based in the company’s London office.

Andreas Andreades, CEO, Temenos, says: “Our growth and profitability makes this an exciting period for Temenos as we move forward. Strengthening the Temenos organisation has been and remains a top priority for us and I am excited that we are attracting the best talent in our industry. I am fully confident that Costa and Keith will be instrumental in the successful delivery of our business plan.”

In the twelve months up to 30 June 2008, its most recent reporting date, Temenos achieved USD161.2 million in licence revenue and USD380.4 million in total revenue, representing increases of 46% and 48% on the previous twelve months, respectively. Temenos continues to enjoy strong growth across all regions thanks to superior products and services and a compelling investment and product roadmap, the outcome of its high R&D investment, which at around 20% of revenues per annum is significantly ahead of peers.

AboutTemenos
Founded in 1993 and listed on the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 44 offices worldwide, Temenos serves over 600 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos annually invests around 20% in R&D, significantly more than its peers, into a single fully packaged upgradeable software release, which ensures all Temenos customers benefit from modern technology and support indefinitely.

For more information please visit www.temenos.com

For more information, contact:

Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
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Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 begin_of_the_skype_highlighting              +44 (0) 207 290      end_of_the_skype_highlighting 3012
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Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
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Evelina Amanatidou/Sole Chirco
Team 660
Metia for Temenos
Tel: +44 (0) 20 3100 3592/3718
Email: This email address is being protected from spambots. You need JavaScript enabled to view it./This email address is being protected from spambots. You need JavaScript enabled to view it.