SAP Expands Asia Pacific and Japan Leadership Team with New SVP and General Manager of Financial Services

SingaporeIn addition to recent leadership appointments in India and Southeast Asia, SAP (NYSE: SAP) today announced that Mr. Andrew Pitcher has been appointed to the newly-created role of Senior Vice President and General Manager of Financial Services for Asia Pacific and Japan, effective immediately. Pitcher will lead and build on SAP’s rapid regional growth in Banking, Insurance and Capital Markets.

In this new role, Pitcher is responsible for driving the cross-functional development of SAP’s Financial Services business across Asia Pacific and Japan, in tandem with SAP’s global Strategic Industries. Based in Singapore, Pitcher reports directly to Steve Watts, President of SAP Asia Pacific and Japan.

“The financial services industry in Asia Pacific and Japan provides significant growth potential for SAP,” said Watts. “We have created this new position to take full advantage of the opportunities that are opening up to us thanks to our innovative technologies, including our cloud solutions and SAP HANA.”

Pitcher is widely recognized in the industry, bringing to SAP 21 years of experience in financial services. Before joining SAP, he spent 17 years with Accenture and previously worked with National Australia Bank as a retail and commercial banker. During his time at Accenture, Pitcher served some of the world’s most significant financial organizations, garnering diverse experience in sales, delivery, technology, client relationship management, and large scale transformation.

“Now more than ever, innovation is critical to financial institutions in their everyday, real-time transactions,” said Pitcher. “SAP provides financial services solutions that empower banks with real-time information to help protect the organization from risk, enables them to gain insight into banking operations enterprise-wide, and to proactively manage risk and compliance. Solutions such as SAP HANA and SAP’s customer information management software will be a key difference in helping banks and their partners to run better. ”

SAP offers the most comprehensive cloud solutions portfolio for business networks and continues to build on its success as a market leader with ongoing innovation through products such as HANA Enterprise Cloud. Specifically, SAP provides end-to-end support for financial services, from cash management to customer engagement, and was recently recognized as a leader in retail core banking.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 232,000 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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For more information, press only:
Jennifer Alejandro, +65 6664-4555, jennifer.alejandro@sap.com