Chief executive of fintech giant to depart for role at parent private equity company.
Jim Fiesel has held roles at Calypso, Tradeweb and Bloomberg.
Former NCR exec will help guide technology and product strategy.
Finastra will host its applications in its cloud platform, FusionFabric.cloud, hosted by Microsoft Azure.
Waters examines how this recent wave of consolidation is different than previous periods of contraction.
Temenos looks set to snap up the London-based vendor with a billion-pound deal as 2018 becomes white-hot for mergers and acquisitions.
The Openlink deal is the latest in a string of acquisitions by ION as it consolidates power in treasury, derivatives and commodities, with the help of Carlyle Group.
Finastra will combine Olfa Soft 's Seamless FX platform with its FusionCapital Treasury solution.
Pedro Porfirio will be based in London, where Finastra is headquartered. Finastra was created after the merger of D+H and Misys.