Fintech veteran named InvestCloud Chairman and CEO

NEW YORK, UNITED STATES — Financial solutions provider InvestCloud has appointed fintech veteran Jeff Yabuki as its Chairman and Chief Executive Officer (CEO).

Yabuki will lead the fintech firm as it marches to an era packed with technological developments that require modernization on all fronts. 

The firm expects wealth managers to address the growing and varied demand from its clients and forecasts over $84 trillion in assets will be passed from one generation to the next.

Yabuki was previously with fintech firm Fiserv where he was CEO from December 2005 to June 2020. He was also Chairman of the Wisconsin-based firm from 2019 to December 2020. 

Among the key initiatives by Fiserv under Yabuki was the acquisition of financial services company First Data Corporation for $22 billion. Yabuki was also the Executive Vice President and Chief Operating Officer of tax preparation services company H&R Block.

Yabuki is also a board member of various firms and institutions, including NASDAQ, Royal Bank of Canada, and Sportradar.

InvestCloud is backed by investment firms Clearlake Capital Group and Motive Capital Management. 

“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,” said Yabuki, who is also the Chairman and Founding Partner of Motive Partners.

This is the latest executive appointment by InvestCloud following James Young’s nomination as Chief Information Officer in the first week of January.