InvestCloud, a global provider of wealth and asset management solutions, announced the appointment of Jeffery W. Yabuki (Jeff) as Chairman and CEO.
In this role, Jeff will lead InvestCloud’s strategy and operations, with a key focus on excellence of client delivery. Jeff’s leadership will further empower InvestCloud’s clients and partners with its scalable technology platform. The Company is backed by Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) and Motive Capital Management, LLC (together with certain of its affiliates, “Motive Partners”), which together recapitalized the business in 2021.
InvestCloud is a wealth technology platform that supports over 550 wealth and asset managers globally with more than $6.4 trillion in assets across its platforms in services such as UMA/SMA portfolio management, trade execution, accounting, model management and performance measurement.
“Financial services – and wealth management in particular – is in the early stages of a technology transformation, which we believe will create meaningful opportunities to redefine the future of wealth and asset management. I believe InvestCloud is well-positioned to partner with its clients to lead this change around the world. I am excited to work with this talented team to build value through sustained excellence and innovation in pursuit of next-generation leadership,” said Jeff Yabuki, Chairman & CEO of InvestCloud and Chairman of Motive Partners.
Jeff was previously the CEO of Fiserv, a Fortune 200 company and global leader in payments and financial technology, a role he held from December 2005 through June 2020. He also served as Chairman of Fiserv from 2019 to December 2020. During Jeff’s tenure with Fiserv, he led the company through a strategic transformation with significant acquisitions and divestitures, including the $22 billion acquisition of First Data Corporation. During Jeff’s leadership, Fiserv nearly tripled revenue, increased operating margin and earnings, and achieved a total shareholder return of 969% through the end of 2019.
Prior to Fiserv, Jeff was Executive Vice President and Chief Operating Officer at H&R Block and held a progression of senior leadership positions at American Express. Jeff currently serves on the Boards of Directors of Royal Bank of Canada (NYSE:RY), Nasdaq (NASDAQ:NDAQ) and is Chairman of Sportradar Group (NASDAQ:SRAD).
“We have an opportunity to pair one of the preeminent business builders and leaders in financial technology with a compelling global macro-opportunity that we believe will create value for InvestCloud’s clients,” said Rob Heyvaert, Founder and Managing Partner at Motive Partners. “This appointment is another example of Motive’s differentiated ‘Investor, Operator, Innovator’ model at work to drive value creation and innovation. We are delighted to have Jeff at the helm, given his track record of energizing teams to capitalize on market opportunities. We would also like to thank Richard Lumb for his leadership as interim CEO, who will remain with the Board of Directors and support Jeff’s transition.”
“We are excited to welcome Jeff to InvestCloud and look forward to accelerating the Company’s growth plan under his leadership,” said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner, at Clearlake. “Jeff’s relevant experience and his ability to scale organizations makes him the perfect choice to lead InvestCloud.”
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