STOCK TITAN

Enfusion Announces Tarek Hammoud’s Retirement

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Enfusion, Inc. (NYSE: ENFN) announces the retirement of founder Tarek Hammoud from its Board of Directors. Hammoud, who founded the company over 25 years ago, expressed pride in the firm's achievements and confidence in its leadership team for future growth. CEO Thomas Kim praised Hammoud's contributions and emphasized the importance of continuing the company's strategic initiatives. Enfusion provides cloud-native investment management software services, partnering with over 650 investment managers globally.

Positive
  • Strong leadership transition with experienced board members.
  • Enfusion has established a significant market presence with over 650 investment managers.
Negative
  • None.

NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)-- Enfusion, Inc. ("Enfusion") (NYSE: ENFN), a leading provider of cloud-native investment management software and services, today announced that founder Tarek Hammoud is retiring and will step down as a member of Enfusion’s Board of Directors.

“Tarek has been a great partner in making Enfusion what it is today, and we would not have accomplished the things that we have without his vision, talent, focus, and energy,” said Thomas Kim, Chief Executive Officer of Enfusion. “It has been a great experience working alongside him to accelerate our achievements and create strong momentum for the company. I am excited for Tarek. He has worked incredibly hard and deserves the opportunity to spend more time with his family. I am looking forward to working with our executive leadership team to continue to expand on the original vision and to execute on our strategic initiatives.”

"Since founding Enfusion more than 25 years ago, the company has become a major disruptor in the investment management software industry,” said Hammoud. “I'm incredibly proud of what we have accomplished to date and am excited to see the company’s accomplishments yet to come. We have spent the last few years building an executive team and technology team intended to make my eventual transition smooth and orderly. I leave Enfusion in good hands, knowing that the Board, Thomas and Enfusion’s leadership team will continue to build and enhance the company’s strong market position. Their combined experience, knowledge and passion, as well as that of the current Board, will undoubtedly propel the organization to new heights.”

Enfusion’s other board members include: Thomas Kim; Brad Bernstein, Managing Partner of FTV Capital; Larry Leibowitz, former COO and Board member of NYSE Euronext; Oleg Movchan, Founder and Managing Partner at Gimel Tech Venture; Kathleen DeRose, Clinical Associate Professor of Finance (FinTech) at Stern School of Business (NYU); Roy Luo, Partner at ICONIQ Growth; and Jan Hauser, formerly of GE and PwC.

About Enfusion

Enfusion's investment management software-as-a-service 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 650+ investment managers from 10 global offices spanning four continents.

Source: Enfusion, Inc.
Source Code: ENFN-IR
ENFN-CORP

Investors

Ignatius Njoku

Ignatius.njoku@enfusion.com

Media

Prosek Partners

pro-enfusion@prosek.com

Source: Enfusion, Inc.

FAQ

Who is retiring from Enfusion's Board of Directors?

Tarek Hammoud, the founder of Enfusion, is retiring from the Board.

What is the significance of Tarek Hammoud's retirement for Enfusion?

Hammoud's retirement marks a major transition for Enfusion as it moves forward under new leadership.

What position did Tarek Hammoud hold at Enfusion?

Tarek Hammoud was the founder and a member of the Board of Directors at Enfusion.

How long has Enfusion been in operation?

Enfusion has been in operation for over 25 years.

What services does Enfusion provide?

Enfusion provides cloud-native investment management software and services.

Enfusion, Inc.

NYSE:ENFN

ENFN Rankings

ENFN Latest News

ENFN Stock Data

987.60M
86.77M
5.52%
96.86%
1.08%
Software - Application
Services-prepackaged Software
Link
United States of America
CHICAGO