SOURCE: InvestCloud, Inc.

FiComm Partners

July 07, 2016 09:00 ET

InvestCloud, Inc. Appoints Kevin Kollar and Ben Shichman to Their Executive Team

LOS ANGELES, CA--(Marketwired - July 07, 2016) -

• Kollar will focus on building out InvestCloud's New York presence, and increasing its global footprint
• Shichman will focus on strengthening the InvestCloud platform and empowering its partners
• InvestCloud, Inc. is a California-based technology company, delivering the securities industry with an integrated digital applet platform through the cloud.

InvestCloud, Inc, the first of its kind, fully integrated Digital Applet Platform for the financial services industry, supporting 660 institutions and independent advisors with $1.5 trillion on platform, announced today the appointments of Kevin Kollar as EVP of Large Accounts and Ben Shichman as EVP of Platform. Kevin and Ben's appointments underscore InvestCloud's commitment to expanding the firm's North American footprint, while continuing to grow globally.

"We are thrilled that Kevin and Ben have joined the InvestCloud team. Both have deep experience in growing innovative enablers like InvestCloud. These strategic hires put InvestCloud in an even stronger position to help empower our client's digital needs and enter our next phase of company growth," said John Wise, CEO of InvestCloud, Inc. "The depth of their financial services knowledge, strong industry relationships, and understanding of the unique challenges facing the financial services sector and the clients it serves are substantial assets."

Kollar brings over 25 years of experience in the financial services and technology industries to InvestCloud. Prior to joining the firm, Kollar was VP and Head of Sales at Alacra, where he was responsible for driving new business and customer account management for SaaS based solution to help companies reduce risk and improve efficiency in the customer on-boarding, monitoring, and due diligence process.

Throughout his career, Kollar has held senior positions at a number of large financial institutions, including the London Stock Exchange, Opera Solutions and Thomson Reuters. Kollar holds B.S. in Finance from Providence College.

"I am incredibly proud to be joining John Wise and the team at InvestCloud," said Kollar. "InvestCloud's vision to provide all types of financial organizations, large or small with the ability to create their own unique digital experiences through its innovative cloud applets makes InvestCloud the future of SaaS providers in financial services."

Shichman most recently served as a Vice President of Technology at Guidance. Prior to that, he was COO, Head of Product and Partner at iConstituent where he managed the day-to-day business operations and directed product activities as well as creating sector-leading products. In addition, Shichman was Founder and Principal Consultant at Nexgen. Shichman has served in a number of senior management roles including Director of Project Development at iapps and Vice President of Product and Co-Founder of Rock Creek Technologies/ Universal Tax Systems. Shichman holds a BBA in Information Solutions from the George Washington University.

"InvestCloud is at the forefront of innovation and design, and I'm thrilled to be helping lead that charge." said Shichman. "By leveraging InvestCloud's existing client base and global reach, I am excited about the opportunity to further expand our products and offerings to clients throughout North America and Europe."

Equipped with its unparalleled and innovative cloud applets, InvestCloud designs, develops, and deploys digital applications with pace setting efficiency for all types of financial organizations, large and small. InvestCloud designs solutions for the entire eco-system of financial service providers to remain competitive in the digital age. Using innovative elements of Form, Function, and Fulfillment, InvestCloud's core value-add is data consolidation and integration, analytics, and delivery of this information across web and mobile applications. Using InvestCloud's proprietary PWP (Programs-Writing-Programs) platform, InvestCloud is able to deliver enterprise grade applications from concept to production quickly and much more cost effective than traditional software development.

About InvestCloud

InvestCloud, Inc is a California-based company, delivering the securities industry with collaborative cloud-based solutions. InvestCloud's one of a kind digital applet platform supports $1.5Trillion in AUM, across 660 institutions. Equipped with its unparalleled and innovative cloud delivery model, InvestCloud develops and deploys custom, scalable solutions with pace setting efficiency for Global Banking and Brokerage, Investment Management, Private Banking, Asset Services, and many other types of financial institutions. These high-impact digital business solutions integrate seamlessly with other technologies such as custodians and line-of-business applications, processes, and even allow businesses to leverage their existing infrastructure. For more information, please visit us at www.investcloud.com.

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