Xchanging, the business process, procurement and technology services provider and integrator has appointed Sean Norris as director to head the recently launched global net settlement platform Netsett.
Netsett, the result of a partnership between Xchanging and Deutsche Bank, went live in December 2012 with the stated aim of transforming the way in which global insurers and brokers transact financial settlements.
Norris joins Xchanging from Brit Insurance where he was head of group services. Norris brings a strong background in risk, credit and cash management and general business operations in the company, reinsurance and Lloyd’s markets. At Brit Norris developed and implemented market-leading centralised operational platforms and this, plus other broad ranging industry experience, will help progress Netsett through the initial development lifecycle and beyond.
Norris joins following Netsett’s successful completion of its first netting cycle for a live client. Sean will be supported in his role by the existing team of Richard West as Netsett business development director, Steve Robertson as Global Insurance commercial director and Tony Willis as overall program manager, working in partnership with Deutsche Bank.
Max Pell, managing director of Xchanging’s UK insurance business said: “We are delighted to have someone of Sean’s calibre join Xchanging to lead Netsett. His deep understanding and insight into the customer issues that Netsett is looking to resolve will be of tremendous value to those customers and the development of Netsett itself.”