Rhyme Systems today announces it has strengthened its board with the appointment of David Howard as non-executive chairman.
Rhyme specialises in helping buy-side investment firms unlock the hidden value of the back-office. Rhyme's customers include Lloyds TSB, Barclays, Jupiter, Rathbone, M&G, Brewin Dolphin and Coutts. Rhyme was created in November 2003 as a result of a management buyout from Misys PLC, funded by private equity specialist Primary Capital.
David is an experienced chairman, with a strong track record in developing private equity-backed businesses. Prior to becoming a professional non-executive chairman, David spent eight years as a corporate finance partner with Ernst & Young. He is joining the board as it completes its first year-end, to help the company develop as an independent entity.
Chris Potts, CEO of Rhyme Systems, comments: "This high-profile appointment underlines our commitment to the long term growth of Rhyme. We are already seeing exciting changes at Rhyme, and with David's strong background in corporate finance and experience of the development of private equity-backed businesses like ours, he will be an invaluable member of the leadership team. He suits our corporate culture well, being both authoritative and extremely approachable."
David Howard, comments: "Rhyme has a proven, user-friendly product range, in which we are now able to invest, and is actively seeking growth and business development opportunities. The company has an innovative, dynamic new brand and a willingness to positively embrace the freedoms associated with their change in ownership. Their focus is now firmly on the back-office operations end of the UK asset management market, and they are a market leader in their sector."
David joined the board of Rhyme Systems in June.