CHICAGO, March 23, 2020 /PRNewswire/ -- Enfusion, the leading provider of cloud-based investment management software, managed middle & back-office services and data analytics, today shares the appointment of former Tassat executive Thomas Kim as its Chief Executive Officer. The announcement comes after an in-depth search by the Board of Directors.
The executive hire emerges amidst additional leadership investments: all of whom bring world class track records that the company's clients and employees will benefit from. Tarek Hammoud, the company's previous CEO and an original founder, will continue to serve as Executive Chairman to refocus on developing and innovating Enfusion's software technology solution.
"Given Thomas's success leading innovative financial technology firms and his experience across buy and sell side institutions, he is the right person to lead us into the future," shares Tarek Hammoud, Executive Chairman at Enfusion. "This is an exciting time for Enfusion where we are seeing incredible strength in our products and services and, as a direct result, are on a positive growth trajectory globally. I look forward to working closely with Thomas as Chief Executive Officer to drive our products and services vision in this exciting new chapter as we continue to build on our strong momentum."
Kim brings an extensive background of trading technology leadership at multiple major financial institutions and software providers to Enfusion. He joins the firm from his previous role as CEO of Tassat, a rapidly growing FinTech firm based in New York. Prior to Tassat, Kim was Chief Operating Officer of the Investment Engine Group at the world's largest hedge fund, Bridgewater Associates. He also held leadership roles at UNX, Lehman Brothers and TradingScreen among others. At Enfusion, Kim will advance the company's global strategy and take over its existing business development initiatives.
"It's an honor to become the CEO of this amazing company and join a global team that is dedicated to serving investment managers as a partner to help them achieve their goals," says Thomas Kim, CEO, Enfusion. "With its recent product expansion, including the development of a managed services and data analytics offering, Enfusion has established itself as a leader in the investment management technology space. Enfusion's success at simplifying the complex asset management industry through thoughtful innovation and a cutting-edge technology solution proves there is no limit on the impact that it can have within the capital markets space. The Enfusion team is full of passionate individuals who have brought the firm to where it is today and who are prepared to support its future growth. I look forward to leading this organization into its next phase."
"Thomas's business experience in world markets makes him an asset to our team and clients," states Stephen Malherbe, Managing Partner, Enfusion. "His depth of experience will continue propelling our vision of bringing agility, efficiency and value to asset managers. With Enfusion Visual Analytics, we entered a new area of our business and we look to Thomas for guidance as we continue onwards with our groundbreaking spirit."
"I am eager to learn from Thomas's long track record of leadership and technological excellence," expresses Scott Werner, Managing Partner, Enfusion. "As Enfusion's headcount keeps increasing, Thomas will not only bring continued leadership with innovation to our global team but also a commitment to our people and core values. He will empower us to continue innovating with passion and purpose everyday to ensure our solution remains a catalyst for growth. We can't wait to see how Enfusion evolves under Thomas's leadership."
Enfusion's software solution, was recently recognized as the "best in class" full front-to-back office investment management platform in the industry by Aite. Featuring cloud-based and fully integrated multi-asset class solutions for front, middle, and back office, Enfusion provides investment managers with real-time transparency and seamless process optimization.
Enfusion helps over 4,000 funds transform their business by combining software, services and analytics on one platform with one golden dataset. We unite trading, compliance, positions, accounting and strategic analytics to deliver consistent control for global financial management. We allow every single team member to leverage the same insight, in real-time across the entire portfolio. With 8 global offices spanning 4 continents, our expert team enables investment firms to communicate, analyze, scale and prosper with one solution.