InvestCloud, a global provider of wealth and asset management solutions, has announced the appointment of a new Chairman and CEO as it looks to enter the next stage of its development.
The firm has revealed that Jeffery W. Yabuki will take the reins, bringing a wealth of experience, having previously served as the CEO of Fiserv.
During his tenure there, he led the company through a strategic transformation, marked by significant acquisitions and divestitures. His impressive track record includes nearly tripling revenue, increasing operating margin and earnings, and achieving a total shareholder return of 969% through the end of 2019.
He is now expected to steer InvestCloud through its next phase, building value through sustained excellence and innovation in wealth and asset management.
The firm operates as a wealth technology platform, offering comprehensive support to over 550 global wealth and asset managers. With a vast presence, it oversees more than $6.4tn in assets, providing services such as UMA/SMA portfolio management, trade execution, accounting, model management, and performance measurement.
Jeff Yabuki, Chairman & CEO of InvestCloud and Chairman of Motive Partners, said, “Financial services – and wealth management in particular – is in the early stages of a technology transformation, which we believe will create meaningful opportunities to redefine the future of wealth and asset 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.”
Rob Heyvaert, Founder and Managing Partner at Motive Partners, said, “We have an opportunity to pair one of the preeminent business builders and leaders in financial technology with a compelling global macro-opportunity that we believe will create value for InvestCloud’s clients.
“This appointment is another example of Motive’s differentiated ‘Investor, Operator, Innovator’ model at work to drive value creation and innovation. We are delighted to have Jeff at the helm, given his track record of energising teams to capitalise on market opportunities. We would also like to thank Richard Lumb for his leadership as interim CEO, who will remain with the Board of Directors and support Jeff’s transition,” he continued.
Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner, at Clearlake, said, “We are excited to welcome Jeff to InvestCloud and look forward to accelerating the Company’s growth plan under his leadership. Jeff’s relevant experience and his ability to scale organisations makes him the perfect choice to lead InvestCloud.”
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