Misys Scraps ACT, Creates Two New Businesses
ORGANIZATION AND MANAGEMENT
LONDON--Misys is splitting ACT Financial Systems to form Misys Securities Trading Systems and Misys Asset Management Systems.
The former also incorporates part of Misys International Banking Systems (formerly Midas-Kapiti International).
Ex-ACT chief executive David Hughes heads Misys Asset Management Systems, while former ACT chief operating officer Frank Walter leads Misys Securities Trading Systems.
The split divides Misys into five businesses. There are three main units--Misys International
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