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Heffernan Ends 15 year Adobe Stint


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CategoryBusiness
DateMonday, April 20, 2015
AuthorLeonid Botnarenko

Heffernan Ends 15 year Adobe Stint

Fenergo Announces Appointment of Adobe Senior Global Executive as COO

 


Fenergo announced the appointment of Colm Heffernan as Chief Operating Officer (COO)Colm Heffernan, has been appointed as Chief Operating Officer (COO) at Fenergo (@Fenergo), a provider of Client Lifecycle Management software solutions which are designed to help for investment banks, capital market firms and private banks to manage the end-to-end regulatory onboarding process.

 


Heffernan has spent 15 years at Adobe Systems in a variety senior roles. Most recently, he was Senior Director at Adobe Global Services with responsibility for the strategy and direction of the $400m Global Services division. 

 

 

As COO, Colm will be responsible for the strategic direction of Fenergo's Global Services division ensuring the delivery of a word-class service to their clients. Colm has specific remit over Client Success, Pre-Sales, Client Support and Client Training.

 

 

Colm holds a Bachelor of Financial Services from University College Dublin (UCD).

 

 

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".

 


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.



Murphy adding: "
Last September, we opened a new APAC office based out of Sydney, Australia, and relocated a team to grow the business down the there. 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. We have invested heavily in our people and our product, and on top of all this, we're profitable and cash-generative".

 


Fenergo's business outlook for FY16 will see the company recruiting for 55 new positions across professional services, client support and software development.

 

 

 

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Who Is Colm Heffernan

 

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