GFT appoints Marika Lulay as new CEO, to place focus on international expansion and transformative technologies

London - 1 June 2017

Marika Lulay is committed to expanding GFT's global offering, exploring new technologies where appropriate, whilst maintaining a focus on clients within the finance sector. 

GFT, the leading provider of business, design and technology consulting to the financial services community, has appointed Marika Lulay as Chief Executive Officer (CEO) to drive international expansion and deliver transformative technologies that help clients improve their own efficiency and performance.

Lulay has a wealth of experience across financial services and technology, not least having spent the last 15 years at GFT, most recently as Chief Operating Officer. During this time, she has overseen a five-fold increase in workforce, multiple acquisitions, an expanded presence in global markets, whilst maintaining a ‘client-first’ approach, working exclusively in the finance sector.

Now operating in 12 countries with 5,000 employees, GFT’s focus on the finance sector enables the firm to provide technology solutions for clients that take account of the highly complex nature of banks and other financial service organisations.

GFT CEO Marika Lulay, former COO, to drive global expansion and transformative technologies.

In addition to helping clients manage and improve their legacy technologies, GFT is examining new and emerging trends to help clients create future efficiency and growth, in areas such as:

  • • Cloud migration – utilising GFT’s knowledge of the finance sector to manage and simplify complex migrations of individual IT systems to scalable cloud infrastructures
  • • Artificial intelligence - embracing robotics and the use of cognitive banking methods based on self-learning systems, to service customers better and grow revenues
  • • Distributed ledger adoption – practical testing of real-world use-cases in our UK Blockchain incubator, such as the successful collaborative project with the Royal Bank of Scotland running on Google Cloud
  • • Industry 4.0 – working to integrate future financial transactions into the supply chain of traditional industries, as technology becomes ubiquitous

Lulay is passionate about new technology and in helping clients face the difficult challenge of introducing efficient new global systems, whilst managing a complex interconnected legacy of historic IT infrastructure and applications.

Marika Lulay, CEO at GFT commented; “GFT continues to ‘think global’ and ‘act local’, meaning clients are able to access transnational resources, with specialists on hand to work alongside clients at their offices, whilst experienced teams of delivery resources provide additional support from our efficient nearshore locations. I am delighted to take on the role of CEO to drive GFT forwards in the next phase of its evolution. Success in recent years confirms we’re pursuing the right strategy – not only to establish GFT as an innovative industry specialist, but also to leverage this as a means to drive international growth in all markets.”

Gareth Richardson, Managing Director, Atlantic Region at GFT commented: “We are thrilled that Marika has been appointed as CEO, building on the successful growth of the firm since Ulrich Dietz founded GFT 30 years ago. I am sure with her deep knowledge of the GFT’s expertise and talented team of specialists, GFT will go from strength-to-strength as it embraces new technologies that help our clients grow.”

GFT Technologies SE (GFT) is a business change and technology consultancy trusted by the world's leading financial services institutions to solve their most critical challenges. Specifically defining answers to the current constant of regulatory change - whilst innovating to meet the demands of the digital revolution. GFT brings together advisory, creative and technology capabilities with innovation culture and specialist knowledge of the finance sector, to transform the clients' businesses.

Utilising the CODE_n innovation platform, GFT is able to provide international start-ups, technology pioneers and established companies access to a global network, which enables them to tap into the disruptive trends in financial services markets and harness them for their out of the box thinking.

GFT plans to generate consolidated revenue of around EUR 450 million in its financial year 2017. Founded in 1987, the company is now represented in twelve countries with a global team of almost 5,000 employees. The GFT share is listed on the Frankfurt Stock Exchange in the TecDAX (ISIN: DE0005800601).

Learn more about Mrika Lulay's appointment here.

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