Pictured: Nick Mahy from Vega Technology

Financial Software company Vega Technology has appointed Nick Mahy as Head of Business Development. This is a new role created to further grow the business as it develops additional products and increases its presence in new markets.

Nick, who is FCCA qualified, has over 30 years of experience across a broad range of roles in the offshore financial services industry. Most recently he was Group Head of Business Systems at the Praxis Group where he was responsible for strategic direction of the Group’s core software and the interface with the business processes across the fund, trust and pension divisions.

Commenting on the appointment, David Collings, Managing & Technical Director of Vega Technology said, “We are entering a new phase of growth, where we will be building on our established suite of financial and regulatory software and taking it to more offshore jurisdictions. Nick has come from the client-side of our business so is perfectly positioned to be able to identify needs and, with his IT experience, can help guide the development of our new products and client centric solutions”

He adds, “In addition to our flagship Acumen software, Tax Reporting and eBanking solutions, we have recently developed DigiHub, a Customer Data Management (“CDM”) solution which is cloud-based and incorporates data enrichment with onboarding software. To date this has generating a huge amount of interest and Nick will be instrumental in driving this forward.”

Nick added “I have used Vega’s software extensively for over 20 years across fund, fiduciary and pension offerings and therefore have first hand experience how their products and services can be utilised to add value and improve efficiency. I am really pleased to join the team at Vega and looking forward to helping them deliver their ambitious growth plans”.