He joins Citisoft with over 15 years of investment management systems and operations expertise. Mr. Molinary will be reporting to CEO Paul Migliore.

As Managing Director for the New York City metro area, Mr. Molinary will be responsible for expanding service delivery to the firm's regional client base. Mr. Molinary will also be responsible for the strategic management of client accounts, business development efforts and executive-level delivery of services on client engagements. He will head up a dedicated team of consultants in the region.

"We're pleased to have Chuck on board as we continue to service a growing client base in the New York region," says Mr. Migliore. "Chuck has extensive experience in the investment management industry and possesses a unique perspective, having worked on the client-, vendor-, and consulting-sides of the business. In this leadership role, Chuck's business expertise will bring enormous value and strategic insight to our clients."

Mr. Molinary joins Citisoft from BearingPoint, Inc. where he was Director of Global Markets Technology. Prior to that, he was Senior Director of Implementation Services at Charles River Development where he oversaw the delivery of all investment management system projects in North and South America. In addition to founding a technology consulting organization, Wellstone Capital Management, Mr. Molinary also formerly held senior management positions at Fidelity Investments and Accenture. Mr. Molinary, 44, has a B.S. in Finance and Computer Science from Boston College.

"I'm excited to be joining Citisoft at such a key point in the firm's growth," says Mr. Molinary. "Coming from a background that includes consulting, investment management, and technology, I understand investment managers' pain points and aim to provide them with a comprehensive perspective of how strategic operations and technology infrastructure can deliver much-needed efficiency and scalability. I'm looking forward to being a par part of Citisoft's already deep pool of industry expertise."