Team announcement
Thought Machine appoints Andy Maguire Board Chair
Banking software company Thought Machine has made former HSBC executive Andy Maguire Chair of its Board. Mr. Maguire succeeds Richard Little in the position, effective immediately. “I am delighted that a person of Andy Maguire’s calibre has joined Thought Machine,” said Thought Machine Founder and CEO Paul Taylor. “As we expand our market share, Andy’s skill set and experience in driving HSBC’s infrastructural and operational strategy will be critical in creating material value for the business. As the world navigates the new economic environment, resilient and agile core banking infrastructure has never been more important to banks needing to adapt and serve customers. I look forward to working with Andy closely as Thought Machine meets this demand and aggressively pursues our international growth plans over the coming years.” Mr. Maguire comes to Thought Machine from HSBC, where, as Group Chief Operating Officer, he led the bank’s IT, business operations, change support, procurement and real estate services. He has more than 30 years of leadership experience in the banking industry, including 17 years as Partner and Senior Partner at Boston Consulting Group. “Over the last few years, I have watched Thought Machine disrupt the age-old core banking problem and partner with leading banks to deliver their transformation journey,” said Mr. Maguire. “Thought Machine’s success can be attributed to two strategic differentiators - a world-class engineering team and a commitment to high quality delivery. With its recent funding, and acceleration of international hiring, the company is ready for its next stage of global growth. I am delighted to be joining Thought Machine as it expands its footprint to new markets, grows its revenue, and demonstrates that modern core banking infrastructure is a strategic imperative for 21st century finance.”