Steve Young takes on Citisoft CEO role

Source: Citisoft

Citisoft, a leading global investment management consulting firm, has responded to a marked increase in demand with three senior appointments.

The firm's outsourcing service is strengthened by the recruitment of Ken Back, an industry specialist with over thirty years' experience. Ken has been responsible for strategic outsourcing projects, client acquisitions, divestments and alliances in a variety of senior positions throughout the EMEA region for companies such as Citigroup, State Street, ISIS and Clerical Medical. His experience spans both asset management operations and TPA securities and fund services. At Citigroup, he was responsible for developing asset management solutions for back and middle office services in the European market for outsourced administration.

Meanwhile former Head of Business Development Steve Young has been promoted to CEO Citisoft PLC, while Jonathan Clark has taken on the role of Global Head of Financial Services for Citisoft's parent company Mahindra Satyam, in addition to his responsibilities as Group CEO of Citisoft. Clark's remit is to maximise the market opportunities for both companies.

Steve Young brings with him a wealth of entrepreneurial expertise. A senior industry executive with thirty years' experience across a wide-ranging spectrum of the investment management sector, Steve was one of the four-man team that created Rhyme Systems following a management buy-out from Misys PLC in 2003. At Rhyme Systems he was a director with responsibility for all marketing and business development. Prior to Misys and Rhyme, Steve held senior positions at Thomson Reuters, Extel Financial and Datastream.

"We are experiencing growth in both the advisory and operational areas of our consultancy," comments Jonathan Clark, Group CEO. "In particular, we are developing an outsourcing practice alongside our existing wealth management and data management teams, as we see significant potential in these areas due to regulatory and economic pressures."

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