PMG Systems, a leading provider of advanced profitability measurement and management software solutions that empower institutions worldwide with the knowledge and tools to achieve sustained profitability and growth, announced that it has appointed Robert L. Wagner as President and Chief Operating Officer.
Gregory J. Nolan, PMG Systems’ Chairman and CEO, will turn over President and COO duties to Mr. Wagner and will look to Wagner’s much-admired management abilities and financial services industry knowledge to help PMG Systems implement a global expansion plan and work to meet market demand for its industry-leading profitability measurement and management software. Currently, PMG Systems’ software solutions are being used by 30% of North America’s top 30 financial institutions.
“Bob’s extensive background in financial services will be an enormous asset to PMG Systems as we continue to build our business of providing profitability solutions to the financial services industry,” Nolan said. “In addition, Bob’s proven experience in growing businesses quickly and guiding them through tremendous growth periods will be a significant benefit to PMG Systems during its high-growth phase. I am delighted to have Bob join the senior management team at PMG Systems as we enter a new era in the history of our company.”
Wagner was previously Executive Vice President of SEI Investments, where he led the reengineering of their investment systems and services business, which achieved annual, compounded double-digit revenue and profitability growth. During his 12 years at SEI Investments, Wagner was responsible for sales, customer service, operations, product management/development, business strategy, and overall business-line profitability.
“I joined PMG Systems because of the company’s people, vision, and superior software solutions,” said Wagner. “With an excellent track record, referenceable client base, and tremendous potential for growth in both its traditional market and new market opportunities, I saw unlimited potential for future growth and success.”
Wagner has also held management positions at Bank America Corporation, American Express, and Xerox Corporation and most recently as president of the institutional markets division of Pilgrim Baxter & Associates.
About PMG Systems
Based in West Chester, Pennsylvania, PMG Systems offers leading-edge profitability measurement and activity-based costing software that enables financial institutions worldwide to better understand their business, their products, and their customers. Its principal products are the Customer Profitability Management System, Integrated Profit Management System, Cost Management Workstation, and Profitability Workstation. Leading banks licensing PMG software include First Union, PNC Bank, Canadian Imperial Bank of Commerce (CIBC), Wilmington Trust Company, Bank of Ireland, and Thomas Cook Financial in the United Kingdom. For more information, visit PMG Systems on the Web at [www.PMGsystems.com].