SOURCE: Oracle Corporation

Oracle Corporation

April 29, 2010 00:24 ET

Oracle Expands Financial Services Management Team

Industry Veteran Frank Brienzi Joins Oracle's Financial Services Global Business Unit

REDWOOD SHORES, CA--(Marketwire - April 29, 2010) -  Oracle (NASDAQ: ORCL) today announced it has expanded the leadership team of its Financial Services Global Business Unit (FSGBU) with the addition of Frank Brienzi, who will serve as general manager of the FSGBU. Mr. Brienzi has also joined the board of directors of Oracle Financial Services Software Limited (OFSS), a majority owned subsidiary of Oracle and an integral part of the Oracle FSGBU, along with Joseph John, executive vice president, banking products division, OFSS.

Additionally, R. Ravisankar (Shanx) has been promoted to Chief Operating Officer of the FSGBU and Rajesh Hukku, the original visionary and leader of i-flex solutions limited, now OFSS, will take on a broader role at Oracle as Chief Strategy Officer, Financial Services. Mr. Ravisankar and Mr. Hukku have retired from the board of directors of OFSS.

"We are pleased to welcome Frank, and are fortunate to have extensive senior talent in financial services. As the banking industry recovers, our experienced leadership team will be a key differentiator as we continue to partner and serve our financial services customers," said Oracle President Charles Phillips. "Over the last two years, Oracle's FSGBU has grown significantly, despite a challenging global business environment. We have innovated and expanded our footprint in financial services and delivered a unique value proposition for our financial services customers."

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