Luxembourg, September 6, 2016 -- Multifonds, the leader in single-platform, multi-jurisdictional investment fund software, has today announced the appointment of Keith Hale as its new CEO.
Hale will assume the new role, as Multifonds moves to the next stage of growth in continued expansion into new markets as well as increasing the asset class and fund structure coverage of its fund administration software. He replaces former Multifonds CEO Oded Weiss, who will retain a strategic advisory position providing senior counsel to key clients on global initiatives. Sern Tham, Multifonds' global head of R&D, and the rest of the management team remains unchanged.
Hale joined Multifonds in 2010 as global head of transfer agency before taking up the role of Executive Vice President responsible for Client Services and Business Development. Prior to Multifonds, he was co-founder and head of EMEA at Netik.
Over the past five years, Multifonds has grown significantly by partnering on major initiatives with key clients such as BNP Paribas, Credit Suisse, HSBC, Northern Trust, Union Investments and Standard Chartered Bank. In addition, Multifonds has achieved growth by implementing its software product at major new clients, including China Construction Bank, Great West Life, GAM, State Bank of India and JPMorgan.
As a result, more than US$6 trillion in assets for traditional and alternative funds are now processed on Multifonds, including over 40% of the European cross-border Transfer Agency market. Multifonds' fund administration software is used by clients across more than 30 different funds domiciles processing 30,000 funds across Asia, Europe and North America.
Under Hale's leadership, Multifonds will continue to develop cutting edge technology for clients across the fund management industry, which includes many of the world's top tier global custodians, third-party administrators, insurance companies and asset managers.
Commenting on his appointment, incoming CEO Keith Hale said;
"Multifonds has grown from strength to strength under Oded's vision and leadership, and I couldn't be more honored to have been chosen to lead the team going forward in this next chapter.
"The future for Multifonds is very bright, but to seize the opportunity we must continue to innovate in our range of fund servicing solutions and help our clients navigate the triple whammy facing the industry - a rising tide of regulation, continued market uncertainty and an ongoing threat from disruption in the asset management market.
"My priority with Sern and the rest of the team is to continue to focus on helping our clients across every possible fund type, investment vehicle and jurisdiction by developing new capabilities to increase the efficiency of their fund administration functions, while at the same time helping them with the digitalization of the asset management industry."
Oded Weiss said;
"Keith has played an integral role in the growth of Multifonds over the past six years and has been central to the development of our capabilities and new software solutions. I am looking forward to helping Keith, Sern and the team execute our growth plans over the coming months and years ahead."
For further information contact:
Bianca Fletcher, Multifonds
email@example.com +44 (0)20 7423 3878
Ludo Baynham-Herd, FleishmanHillard Fishburn
firstname.lastname@example.org +44 (0)20 8618 2897
Notes to editors
Multifonds, a Temenos company, is the award winning investment software provider for fund accounting, portfolio accounting and investor servicing, and transfer agency on a single platform.
Today more than US$6 trillion in assets for both traditional and alternative funds are processed on Multifonds in more than 30 jurisdictions for the world's leading global custodians, third-party administrators, insurance companies and asset managers.
Temenos Group AG (SIX: TEMN) is a market leading software provider, partnering with 2,000 financial institutions including 38 of the top 50 banks to transform their businesses and stay ahead of a changing marketplace.