Murex’s Elias Eddé Takes on CEO Role at Financial Technology Leader in Governance Transition; Maroun Eddé Becomes Executive Chairman of the Board

Company committed to independent structure, emphasizing long-term vision

PARIS, April 24, 2024—Murex, the global leader in trading, investment management, risk and processing solutions for capital markets, is proud to announce that company leadership mainstay and co-founder Elias Eddé has transitioned to the role of CEO, leading the executive committee and reporting to the board of directors.

Maroun Eddé becomes the executive chairman of the board of directors. Maroun remains closely involved in key customers and partners relations and in defining Murex’s long-term objectives and strategy.

Murex aims to retain its leading position in the market by continuing investment in the award-winning MX.3 platform and deepening its client relationships. Client shifts toward managed services and SaaS, digitalization and the revolution of cloud and AI create new needs at financial institutions that Murex is eager to fulfill.

Murex’s strategy ensures that the trust the company has received from clients will remain steadfast in the years ahead. Murex will continue to enable customers to navigate ever-changing market dynamics.

As a tenured chief technical officer with Murex, Elias steered adoption of the most innovative technologies into the MX.3 platform. In 2018, he led the transformation program that reorganized the product development and client services departments to further scale and provide better proximity with clients globally.

“This important transition underscores our enduring commitment to long-term partnership with customers and partners, as well as our dedication to innovation initiatives,” Maroun said. “I extend my best wishes to Elias in his new role of CEO and I look forward to standing by his side as we chart the future of Murex.”

For decades, Maroun shepherded the company through extensive business growth and very diverse market conditions, supported by a deep leadership team, of which Elias played a critical role, most recently as co-CEO alongside Maroun.

“We believe in the power of an integrated platform that covers trading, investment management, treasury, middle office, back office and accounting to substantially reduce costs and operational risk,” Elias said. “An integrated platform provides powerful and differentiating decision-making tools that integrate real-time information from diverse business processes. Murex’s ultimate goals remain unchanged: to solidify our leadership worldwide in offering solutions and services across the sell side and buy side. At our core, Murex is all about its clients. We prioritize forging enduring partnerships with them and driving innovation over the long haul.”