PITTSBURGH--(BUSINESS WIRE)--Confluence, a global leader in data-driven solutions to optimize managed investment efficiency and control, continues to grow and develop its team in support of its global growth trajectory. Todd Moyer has been promoted from Senior Vice President of Global Sales to Executive Vice President of Global Business Development, while seasoned financial services executive Lou DelVerme is joining the 23-year-old company as Director of North American Business Development.
“Todd has been instrumental in maturing our global business development capabilities, securing our footprint in Europe, and growing top-line revenue," CEO Mark Evans said. "Under Todd’s leadership, Confluence achieved double-digit growth last year and built a direct sales channel into the alternative investment market.”
Moyer has spent more than a decade in the investment industry, where he has had an ear to the ground listening to industry issues and developing solutions to help asset managers and service providers drive efficiency and tackle complex problems. He will lead Confluence’s global growth efforts as they relate to strategic market management and sales strategy and execution.
“As the data challenges in North America and Europe grow in complexity, our team will continue to listen closely to the managed investment industry and develop solutions that anticipate their needs for additional efficiency and control," Moyer said.
DelVerme, as head of North American business development, will report to Moyer and be responsible for expanding Confluence's market presence in the United States and Canada. He comes to Confluence from SunGard Wealth Management, where he served for more than a decade as a senior vice president, leading teams that provide clients with enterprise wealth management solutions and services.
"Lou will be invaluable in helping to accelerate our firm's growth trajectory and footprint. His deep understanding of market challenges will enable us to better identify current gaps and provide solutions that address client needs," Moyer said.
Confluence’s rapid global growth has also lately included the addition of Hugh Byrne, who will report to Moyer as Managing Director of Sales in Europe, and the opening of a new office in Ireland.
For more than 20 years the global investment management industry has come to trust Confluence to deliver innovative solutions to take the risk out of fund administration. Helping investment management companies gain unprecedented control, Confluence automates every step of the fund administration process—including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.
Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT platform, Confluence automates critical fund administration and reporting processes—such as regulatory reporting, financial statement preparation and performance reporting. Confluence solutions support a wide array of collective fund investment types – including European domiciled UCITS, alternative investments, traditional U.S. based ’40 ACT mutual funds, and contemporary fund structures such as ETFs.
Headquartered in Pittsburgh, Pennsylvania, Confluence serves the international fund industry with key locations in San Francisco, Dublin, London and Luxembourg. For more information, visit www.confluence.com