FundGuard, which provides an investment accounting platform for asset owners, managers and servicers, has appointed Simon Behan as chief commercial officer, to oversee all commercial functions of the company’s operations.
The appointment comes as FundGuard enters the next phase of its business evolution and targeted global expansion, following an additional $100m Series C investment into the business in 2024, and the expansion of operations in London, Boston and Toronto.
Behan has some 30 years of experience across fund administration, global custody and investment operations technology. He has held roles at Finbourne Technology, Ocorian, Virtus Partners, Deutsche Bank and BNYM (PNC GIS).
Lior Yogev, co-founder and CEO of FundGuard, commented: “As the only fully cloud native investment accounting platform that brings public and private assets together on a single core, we’ve spent the last several years refining our software with forward-thinking institutions already live in production across middle and back office use cases. That effort has delivered a mature, proven product, and Simon now joins us to drive our commercial growth phase with the same discipline that shaped the platform.”
Behan added: “FundGuard is now at a moment where the foundation is in place and the opportunity to scale is clear. I’ve spent my career helping firms scale in complex global environments, and FundGuard has built something fundamentally different. The platform’s architecture is modern, innovative, proven and ready to support how the industry is actually evolving. This is the moment to take that to market at scale.”
FundGuard’s investment accounting platform supports all asset classes, books of record, investment products and jurisdictions on a single platform. The business has entered strategic partnerships with Citi and State Street, and has attracted venture capital investors such as Blumberg Capital, Key1 Capital, LionBird Ventures, and Team8.
