By Oliver Smith on Monday 28 September 2020
Andy Maguire will take over the role immediately.
Banking tech provider Thought Machine has announced its new chair, with the departure of long-serving board member and chair Richard Little.
“Andy’s skill set and experience in driving HSBC’s infrastructural and operational strategy will be critical in creating material value for the business,” said Thought Machine’s CEO and founder Paul Taylor on his appointment.
“As the world navigates the new economic environment, resilient and agile core banking infrastructure has never been more important to banks needing to adapt and serve customers.”
By the end of 2020, Thought Machine expects to reach a headcount of over 500.
"With its recent funding, and acceleration of international hiring, the company is ready for its next stage of global growth. I am delighted to be joining Thought Machine as it expands its footprint to new markets, grows its revenue, and demonstrates that modern core banking infrastructure is a strategic imperative for 21st century finance," said Maguire on his appointment.