InvestCloud, a global provider of asset and wealth management solutions, announced the appointment of Jeffery W. Yabuki (“Jeff”) as President and Chief Executive Officer. In this role, Jeff will lead InvestCloud’s strategy and operations, with a key focus on customer delivery excellence. Jeff’s leadership will further empower InvestCloud’s customers and partners with its scalable technology platform. The Company is supported by Clearlake Capital Group, LP (together with certain of its affiliates, “Clearlake”) and Motive Capital Management, LLC (together with certain of its affiliates, “Motive Partners”), who together recapitalized the business in 2021.
InvestCloud is a wealth technology platform that supports over 550 asset and wealth managers internationally, with over $6.4 trillion in assets across its platforms, across services such as UMA/SMA portfolio management. set/separately managed account), business execution, accounting, model management and performance measurement.
“Financial services, and particularly wealth management, are in the early stages of a technological transformation, which we believe will bring significant opportunities to redefine the future of asset and wealth management. I believe InvestCloud is well positioned to partner with its clients to lead this change around the world. I am excited to work with this talented team to build value through sustained excellence and innovation in pursuit of next generation leadership,” said Jeff Yabuki, Chairman and CEO of InvestCloud and President from Motive Partners.
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Previously, Jeff was CEO of Fiserv (NYSE:FI), a Fortune 200 company and global leader in payments and financial technology, a role he held from December 2005 until June 2020. He also served as President of Fiserv from 2019 to December 2020. During his tenure at Fiserv, he led the company through a strategic transformation with significant acquisitions and divestitures, including the $22 billion acquisition of First Data Corporation. During Jeff’s leadership, Fiserv nearly tripled revenue, increased operating margin and earnings, and achieved a total shareholder return of 969% by the end of 2019.
Prior to Fiserv, Jeff was Executive Vice President and Chief Operating Officer at H&R Block and held a series of senior leadership roles at American Express. Jeff currently serves on the Board of Directors of Royal Bank of Canada (NYSE:RY), Nasdaq (NASDAQ:NDAQ) and is Chairman of Sportradar Group (NASDAQ:SRAD).
“We have the opportunity to partner one of the preeminent business builders and leaders in financial technology on a captivating global macro opportunity that we believe will drive value for InvestCloud‘s clients,” said Rob Heyvaert, founder and managing partner of Motive Partners. “This appointment is another example of the distinctive ‘Investor, Operator, Innovator’ model in action to drive value creation and innovation. We are excited to have Jeff at the helm, given his track record of energizing teams to capitalize on market opportunities We would also like to thank Richard Lumb, who will remain on the Board of Directors and support Jeff’s transition, for his leadership as interim CEO.”
“We are excited to welcome Jeff to InvestCloud and look forward to accelerating the Company’s growth plan under his leadership,” said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner, of Clearlake. “Jeff’s relevant experience and ability to grow organizations make him the perfect choice to lead InvestCloud.”
Over the next decade, InvestCloud expects wealth managers to address the changing expectations of a new generation of clients, when more than $84 trillion in assets are expected to pass between generations. To support this market shift, retail investors, banks and wealth managers are focused on technology modernization and digital transformation. InvestCloud believes it is well positioned to support its clients and partners with its portfolio of solutions that support the modern digital client and advisor experiences, financial planning and personalized UMA/SMA portfolios.
SOURCE: BusinessWire