FundTech Introduces New President and COO

Edward Ho, formerly of Misys, was named as the new president and COO of Fundtech after the departure last week of two of the company's top executives.

Following the departure of a couple of top executives last week transaction banking solutions provider Fundtech named Edward Ho as the company's new president and chief operating officer. The previous chief operating officer, Michael Sgroe, left the company along with chief marketing officer George Ravich in a move that the company announced at a town hall meeting last week. The company said that Sgroe left to pursue new opportunities, according to a statement released today, but did not give any details about Ravich's departure.

[See Related: George Ravich Discusses the Potential For Mobile Banking Among Small Business Banking Clients]

Ho will be responsible for all of the company's operations globally and will report to Reuven BenMenachem, the CEO of Fundtech, the statement said. He previously worked at financial services software provider Misys in the role of executive vice president and general manager of the company's capital markets division. Before jointing Misys Ho was the CEO and president of IQ Financial Systems, a commercial lending and risk management systems developer that Misys acquired in 2004. Ho has also worked as an investment banker at Bankers Trust and subsequently Deutsche Bank.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio