Investment fund software provider Multifonds, which processes 30,000 funds across various regions, has appointed Keith Hale as chief executive officer.
The Temenos-owned company said Hale, previously executive vice-president of client and business development at the firm, would lead Multifolds as it targets expansion into new markets, asset classes and fund structures.
Hale succeeds Oded Weiss, who retains a strategic advisory position providing senior counsel to key clients on global initiatives. Sern Tham, Multifonds’ global head of research and development and the rest of the management team, remain unchanged.
Hale joined Multifonds in 2010 as global head of transfer agency. Prior, he was co-founder and head of Europe, Middle East and Africa at Netik.
Over the past five years, Multifonds has entered partnerships with firms including BNP Paribas, Credit Suisse, HSBC, Northern Trust, Union Investments and Standard Chartered Bank. Its software has been adopted by a wide array of financial services firms, including China Construction Bank, Great West Life, GAM, State Bank of India and JPMorgan.
In total, the firm processes assets of around $6 trillion (€5.3 trillion) for traditional and alternative funds.
Hale said it was imperative the firm innovated in the face of rising regulation, continued market uncertainty and the increasing threat of market disruption.
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