Multifonds promotes from within with CEO appointment

Investment fund software firm Multifonds has appointed Keith Hale as its new CEO, replacing former chief Oded Weiss

Hale was formerly Multifonds’ executive vice president for client services and business development.

Since joining Multifonds in 2010, Hale has also served as its global head of transfer agency.

Weiss will retain an advisory position as part of the appointment while the remainder of the management team remains unchanged.

“Keith has played an integral role in the growth of Multifonds over the past six years and has been central to the development of our capabilities,” said former CEO Weiss.

Multifonds has taken on major initiatives in recent years with clients including BNP Paribas, HSBC and Credit Suisse.

Its software has also processed more than six trillion dollars in assets for traditional and alternative funds.

“The future for Multifonds is very bright, but to seize the opportunity we must continue to innovate in our range of fund servicing solutions and help our clients navigate the triple whammy facing the industry – a rising tide of regulation, continued market uncertainty and an ongoing threat from disruption in the asset management market,” said Hale.