MORS Software appoints new CEO and Chairman
MORS Software, headquartered in Helsinki Finland, is a globally recognised provider of award-winning Treasury, ALM, and Risk Management solutions. Having co-founded the business in 2006 and serving as CEO since then, Mika Mustakallio will step up to the role of Chairman. Nigel Lee, who joined MORS Software almost exactly 1 year ago as Commercial Director, will take over as CEO, effective today, 1.12.2021.
MORS Software has evolved from a project-based business focusing heavily on Treasury Management in the Nordic region to a globally recognisable brand in the software solutions space for Treasury, ALM, and Risk Management for banks. Having formally launched the subscription-license-based software offering business in 2015, in 2020 MORS Software embarked on an accelerated growth strategy to further enhance its product offering and widen is ever growing international customer base.
“When we set out to further develop our subscription software business in 2015, we couldn’t have imagined the global appetite for our product.” says Mustakallio, CEO and Co-founder of MORS Software. “We were thrilled last year to be able to attract Nigel Lee to the business to help lead us through our accelerated growth period. Nigel brought tremendous international experience to the business, having worked at Wolters Kluwer and Financial Architects before. We have seen an enormous amount of positive change in the business during 2021, both internally and in the market. In making the changes we’re announcing today, it seems only natural to further lean on Nigel’s experience to help further develop and grow the business.” continues Mustakallio.
In 2021, MORS Software has further enhanced its product offering to deepen its relevance to regulatory risk matters, enhanced its core Treasury Management functionality, and broadened its Balance Sheet Management capabilities to better position its customers towards ever more volatile market conditions. Technologically speaking, MORS Software has embraced the market shift towards Cloud and SaaS solutions and cemented its commitment to this trend with a strategic partnership with Microsoft to deliver MORS via the Microsoft Azure Marketplace.
“It has been a privilege to spend the last year as part of the MORS Software team. Everyday has been a journey of discovery for me in understanding the breadth and depth of our team’s knowledge and experience, not to mention the incredible depth and capability of our product, MORS.” says Lee, newly appointed CEO of MORS Software. “This year, we have made significant progress in developing the business in all respects. We’ve listened carefully to the market and our customers and enhanced our product to meet the ever-increasing demands of our sophisticated customer family. We’ve made incredible progress in our adoption of new technology, and we’ve aligned our working practices and our market proximity to better position the business for growth. I consider it an honour to take the helm as CEO and I’m thankful for the Board’s trust and confidence in asking me to do so. Mika’s shoes are difficult to fill, what he and the team have achieved is truly incredible, with his guidance and continued support as Chairman, and the commitment and dedication of the entire (and amazing) team, I’m confident of even more success for the business going forward.” concludes Lee.
Nigel Lee, +44 7990 536875, email@example.com
Mika Mustakallio, +358 45 110 3188, firstname.lastname@example.org