Financial services technology company NetSol Technologies has named Tim O’Sullivan as its managing director, and Chris Tobey as global sales director.

Prior to this promotion, O’Sullivan was head of business development and strategy at NetSol Technologies Europe, where he was responsible for leading the company’s key strategic client relationships.

O’Sullivan has 25 years’ experience in the financial services and software sectors, including a decade in leasing and asset finance software.

According to NetSol, his role will involve leading the Europe team towards increasing efficiency and achieving greater leverage of NetSol’s networks.

O’Sullivan said: “I am delighted to lead the accelerating pace of development for NetSol. Having been with NetSol for over two years and witnessed the remarkable capabilities that the company possesses, I have every confidence that we are now in a strong position to leverage our global brand and expertise for the benefit of existing and new clients.”

NetSol Technologies Europe has also recruited Chris Tobey to the role of global sales director for wholesale finance.

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Prior to his appointment at NetSol, Tobey spent almost a decade at Sword Apak, where he was most recently business development manager. In previous roles, he has gained experience in developing new markets, leading and managing sales opportunities, along with establishing relationship with business partners.

He said: “Being a customer oriented individual, this new role will allow me to work with lenders to provide their customers with agile, innovative, and robust Wholesale business solutions.”

Founder, chairman and chief executive officer at NetSol, Najeed Ghauri, said: “Europe is a critical component of our growth strategy. With Tim’s appointment, we have put a focused and proven executive in charge of executing our growth plan for NFS Ascent in Europe while building scale into the business to manage that growth.

“Chris’ in-depth knowledge and domain experience will be invaluable to enhance the successful relationships already established throughout Asia, Europe and the Americas. His appointment comes at a very significant and exciting time to support the continuing growth of NetSol in all of our regions.”