News

De La Rue's Financial Institutions business gets new leader

January 13, 2003

LONDON -- De La Rue has appointed Christof Domeisen as the managing director of its Financial Institutions business, part of the Cash Systems division.

According to a news release, Domeisen will assume responsibility for De La Rue Cash Systems' worldwide financial institutions business, succeeding Germain Roesch.

Roesch will become managing director of the Cash Systems division upon the retirement of its current director, Pietro Armanini, at the end of March 2003.

A Swiss national, Domeisen is joining De La Rue Cash Systems from Cap Gemini Ernst & Young Central Europe, where he led its business in the Financial Services Industry sector in Europe as well as being chief executive of its operation in Switzerland for three years.
Prior to this, Domeisen held sales and marketing and general management roles with AT&T and NCR.

Roesch said in the news release, "(Domeisen's) excellent track record in the Financial Services and IT industries will help further develop our position as one of the leading cash automation providers to Financial Institutions worldwide."

De La Rue in March purchased the bank automation business of Papelaco, a Portugal-based supplier of ATMs, kiosks and related products. According to a company announcement, the move was part of De La Rue's strategy to offer its financial institution customers an end-to-end cash handling solution and to further develop its position as the leading cash handling solutions supplier.