Consolidate to accumulate

The global risk management software industry is going through a period of restructuring. Michel van Leeuwen, chief executive of Misys Risk, reckons further consolidation in the business is inevitable. By Patrick Fletcher

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Michel van Leeuwen's dream had always been to start a dive school in the tropics. A native of the Netherlands, he spent time in California before joining the European Options Exchange in 1988 as a market-maker. In 1997, after accumulating some capital, he left the business world and set-up a dive-lodge in Fiji. It lasted until he received a call from a head-hunter a year later. "Paradise isn't paradise when you're there everyday," he says. He joined Algorithmics as managing director for Europe

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