September 2025 saw a series of significant executive appointments and departures across global financial institutions, including leadership changes at Temenos, Deutsche Bank, Bank of America, FinTech Wales, and BMO Financial Group.\n\nTemenos, the Swiss core banking software firm, announced that CEO Jean-Pierre Brulard stepped down from his role with immediate effect at the start of the month. Brulard, a former executive vice president of VMware, had led Temenos since May 1, 2024. The Temenos board of directors has named the company’s CFO, Takis Spiliopoulos, as interim CEO while it searches for a permanent successor. Spiliopoulos has served as CFO of Temenos for the past six years. Brulard commented on his departure, stating, “I am proud of everything achieved since I joined, much was accomplished during the 16 months of my tenure. I would like to thank everyone at Temenos, its customers and partners for their confidence. I wish all the best to the company.”\n\nDeutsche Bank has appointed Lisa McGeough as its new head of the Americas region and CEO of DBUSA, concluding a four-month search following Stefan Simon’s departure in May. McGeough will join the bank in early 2026 and will become a member of Deutsche Bank’s group management committee. Paul Maley, current head of Corporate Bank Americas, will serve as interim regional head until her arrival. In her new role, McGeough will report directly to Fabrizio Campelli, head of Corporate and Investment Bank, whose contract was extended until October 2028 earlier this year. Campelli assumed regional responsibility for the Americas effective May 1, 2025, taking over from Simon.\n\nBank of America announced three senior leadership appointments, naming Dean Athanasia and Jim DeMare as new co-presidents. Additionally, Alastair Borthwick will take on the position of executive vice president alongside his current role of chief financial officer (CFO), which he has held for the past four years. Athanasia first joined Bank of America through its acquisition of FleetBoston Financial in 2004, having served as senior vice president of the corporate strategy and development group there since 1996. A former JP Morgan Chase executive, Athanasia most recently held the position of president of regional banking for Bank of America. Borthwick has been with Bank of America since 2005, following 12 years at Goldman Sachs. He previously led the bank’s commercial banking business and was appointed to the CFO position in September 2021.\n\nFinTech Wales, an independent trade association, has promoted Sarah Jones to CEO, succeeding Sarah Kocianski, who stepped down from the position in June. Jones first joined FinTech Wales as head of marketing in June 2022, before transitioning to chief marketing officer. Her 20 years of industry experience also includes marketing roles at Julian Hodge Bank, the New Directions Group, and Welsh recruitment agency Acorn.\n\nBMO Financial Group in Canada announced that current chief financial officer (CFO) Tayfun Tuzun is set to retire in early 2026, with Rahul Nalgirkar designated as his successor. Tuzun, who joined BMO from Ohio’s Fifth Third Bank in 2020, has been responsible for the bank’s enterprise and group-level finance teams along with overseeing corporate development, strategy, accounting, taxation, investor relations, treasury, and financial analytics operations. While retiring from his role as CFO, Tuzun will continue serving on the board of directors of BMO Financial Corp, the bank’s US subsidiary. Following a transitional period serving as deputy CFO, Nalgirkar will officially step into the CFO position on January 1, 2026, at which time he will also become part of the bank’s executive committee. Since joining BMO in 2022, Nalgirkar has served as CFO of BMO US and of the bank’s commercial banking businesses in Canada and the US.