Source: Pentagon Consulting
Pentagon Consulting Group, a leading consultancy for asset and wealth managers and securities and fund services providers, today announced that Group Chief Executive of Citisoft, Jonathan Clark, will join the company with effect from 1st July 2016.
Jonathan will come in as CEO and Matthew Peacock, Pentagon’s Cofounder and current CEO, will move into the active position of Executive Chairman.
Jonathan Clark comments: “Pentagon Consulting has a strong reputation with a solid buy-side client base and excellent relationships with leading vendors such as SimCorp and Markit. Matthew has done a superb job of building Pentagon into a full services consulting company with deep domain expertise, and I look forward to working with him to take it into the next stage of its growth.”
Clark’s experience in building and nurturing successful consultancies is unrivalled. Having founded Citisoft in 1986, Clark grew the company into a leading trans-Atlantic advisory and delivery consulting firm for the buy-side, pioneering the domain-specific service model that is prevalent among boutique fintech consultancies today. When Citisoft was acquired by Tech Mahindra in 2005, Clark took the calculated move of combining the strong advisory and project leadership services that Citisoft is known for, with the technology and business processing services available from Tech Mahindra’s offshore team. By joining the two, Tech Mahindra was uniquely able to offer an end-to-end service, from strategy through implementation and into day-to-day operational running.
At Tech Mahindra, Clark was also responsible for defining and leading the firm’s strategy for developing market-leading solutions in the financial services sector. This included service offerings such as its market data utility providing global security and price information, and outsourced services to manage clients’ middle and back office processes for transaction processing and record keeping.
Matthew Peacock, Executive Chairman, Pentagon, says: “Pentagon has established a solid foundation and excellent reputation amongst its buy-side clients around the world. With Jonathan Clark at the helm we look forward to continued success both at the implementation level in partnership with many of the industry’s leading software vendors, for which we are well-known, and within the advisory and project leadership role, in which we continue to grow.”