Fenergo Announces Appointment of Adobe Senior Global Executive as COO
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Senior appointment made following 100% growth in last financial year due to rising demand for client lifecycle management, regulatory onboarding and entity data solutions
Fenergo, the leading provider of Client Lifecycle Management software solutions for investment banks and capital market firms, has today announced the appointment of Colm Heffernan as Chief Operating Officer (COO) of the fast-growing company.
With over three decades of industry experience, Heffernan joins Fenergo from Adobe Systems, where he spent 15 years in a variety of senior roles. Most recently, he was Senior Director with Adobe Global Services, with responsibility for the strategy and direction of the $400m Global Services division. In Fenergo, Heffernan will be responsible for the strategic direction of Fenergo’s Global Professional Services division, with specific remit over Client Success, Project Delivery, Pre-Sales, Client Support and Client Training.
Speaking on the appointment, Marc Murphy, CEO of Fenergo, said “I am very pleased to welcome Colm to the Fenergo team. Colm brings a huge amount of experience to Fenergo and the role of COO, which will help us scale the business to face off to the growth demand we are experiencing. This is really good news for our clients as he will be primarily focused on delivering a world-class service to all Fenergo clients”.
Heffernan’s appointment comes as Fenergo enters a new financial year with strong anticipated growth.
“Financial year 2015 was a stellar year for us,” says Murphy. “Our top line revenue growth of 98% last year follows growth of 102% the previous year. In the last 12 months, we doubled headcount across all our regions – New York, London and Dublin. Last September, we opened a new APAC office based out of Sydney, Australia, and relocated a team to grow the business down there. We have invested heavily in our people and our product, and on top of all this, we’re profitable and cash-generative”.
Murphy attributes the company’s continued growth to the regulatory and data challenges being faced by financial institutions and the rising demand for regulatory onboarding and client lifecycle management solutions. In March 2015, Fenergo published the results of a research study which found that institutional client onboarding can take up to 34 weeks and cost up to $25,000 per client, with data quality, operational efficiencies, regulatory compliance and client experience representing the biggest challenges.
“Investment banks, corporate banks, private banks – any bank that has to onboard an institutional client is struggling to do it efficiently and compliantly in a timely manner,” explains Murphy. “They need to be able to manage this end-to-end process on a single platform – from entity data, to regulatory compliance, to client onboarding to ongoing lifecycle management. That’s why they are turning to Fenergo.”
Fenergo’s business outlook for FY16 will see the company recruiting for 55 new positions across professional services, client support and software development.