Mike arrives at a most appropriate time in Zafin's journey. With his strong banking and product business background, Mike will be instrumental in helping the company excel through its planned strategic growth. Based in New York City, a major financial center, Mike gives Zafin its first New York address.

Prior to joining Zafin, Mike helped increase Fundtech's value tenfold while supporting the expansion of the company's strong global footprint. His impressive career boasts over 30 years of experience in the financial services industry, most recently as President and COO of Fundtech. Mike's understanding of the financial services market and deep product knowledge will bolster Zafin's quest to bring Product and Pricing Lifecycle Management to banks across the globe.

"I am thrilled to have Mike join our leadership team. His knowledge, leadership and experience are a welcome addition as our company continues to grow," said Al Karim Somji, CEO and Chairman of Zafin. "As a management team, we are determined to build the company for long-term growth in order to provide sustainable value to our customers and employees."

"I'm very excited to be joining Zafin at this important point in the company's development," said Mike Sgroe, President of Zafin. "I look forward to working with Karim, our impressive leadership team and the entire global Zafin family as we continue to extend Zafin's presence and influence around the world."