Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, today announced that on January 9, 2023, its Board of Directors (the “Board”) had appointed Michael Spellacy, as Board Chair, effective immediately.
“We are delighted with the addition of Michael Spellacy and are fortunate to have a leader with Mr. Spellacy’s strategic experience as our next Board chair. We look forward to benefiting from Michael’s deep understanding of our clients’ business requirements, and his familiarity with investment management technology. I can’t think of a more suitable candidate to lead the Board going forward,” said Kathleen DeRose, Interim Chair of the Board, on behalf of the Board of Directors. “With our recent executive leadership transitions in place, the company is well-positioned to advance our strategy, execute on our plans, and focus on delivering even greater value for our stakeholders.”
Mr. Spellacy joins existing board directors Brad Bernstein, Roy Luo, Larry Leibowitz, Jan Hauser, Kathleen DeRose, Deirdre Somers, and Enfusion Chief Executive Officer, Oleg Movchan.
“It is my pleasure to welcome Michael to Enfusion’s Board. He brings a blend of practical technology implementation experience with a comprehensive strategic perspective of the investment management ecosystem and capital markets infrastructure. We look forward to leveraging Michael’s operating track record and strategic insight to drive Enfusion’s culture of execution, technology innovation and focus on client success,” said Oleg Movchan. “This appointment could not come at a better time as Enfusion continues to build out its rapidly growing, durable and resilient software and services platform in the context of a highly uncertain macroeconomic environment and transformational technology shifts. I would also like to take this opportunity, on behalf of Enfusion and the Board, to thank Kathleen DeRose for her leadership as Interim Chair during this transition period for the company.”
Michael Spellacy is currently the Chief Executive Officer of Atlas Crest Investment Corporation and is globally recognized as an asset management and technology leader. He was most recently a Senior Managing Director and the leader of Accenture’s global Capital Markets practice, where he was responsible for the industry group’s overall vision and strategy, investment priorities, and supporting an ecosystem of alliance partners. Prior to his role at Accenture, Mr. Spellacy was both a senior partner at PwC in the wealth management practice, and a partner at Broadhaven Capital Partners, an independent investment bank and private equity investor serving the financial services and technology sectors. Mr. Spellacy has a Bachelor of Science degree in Economics from the London School of Economics and an MBA from the University of Hartford.
“I am excited to join this experienced, capable Board of Directors, and such a dynamic business, and to lead the Board as its new Chair at an important inflection point for the company”, said Mr. Spellacy. “I look forward to working with the executive leadership to realize Enfusion’s ambitious growth plans.”
Enfusion's investment management software-as-a-service (SaaS) platform removes traditional information boundaries, uniting front-, middle- and back-office teams on one cloud-native system. Through its software, analytics, and middle/back-office managed services, Enfusion creates enterprise-wide cultures of real-time, data-driven intelligence, boosting agility, and powering growth. Enfusion partners with over 800 investment managers from 10 global offices spanning four continents.
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Source Code: ENFN-IR
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