Ex-SAP chief exec joins Mambu board in lieu of rapid growth

Service provider Mambu has head hunted one time SAP chief Henning Kagermann to its board of directors. The appointment was made on June the first, 2018.

Mambu will draw on Kagermann’s decades of executive and operational expertise to help guide the company through a predicted period of rapid growth. Mambu develops software services that support lending and deposits in the banking industry.

The appointment comes as Mambu has announced a new focus on business with top tier banks and large financial institutions.

“Mambu is influencing the way larger banking and lending providers operate, innovate and serve their digital customers,” said Kagermann.

Kagermann said his role will be to provide insight into how they can better support clients and catalyse rapid international growth.

A 27 year veteran at SAP, including five as co-CEO and president, Kagermann retired from SAP in 2008.

Having joined SAP when it had less than 90 employees, he grew with the company and played a significant role in its global success. He is credited with leading SAP’s successful strategy of organic growth and extending its market influence in the business software space globally.

Kagermann will divide his time with other companies in which he has a supervisory board involvement, including Deutsche Post and Munich Re. Recently Kagermann sat on the supervisory board of Deutsche Bank.

Previously, as president of Acatech, the National Academy of Science and Engineering in Germany, he advised the government on future technology and policy issues.

“Kagermann’s insights will be invaluable in supporting our growth and go-to-market expansion,” said Eugene Danilkis, CEO of Mambu, “the business evolution he oversaw at SAP has many synergies with the one Mambu is currently undergoing.”

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