SmartStream has named Haytham Kaddoura (pictured) as its new CEO, while current CEO Philippe Chambadal will take on the role of president.
The shake-up has been attributed to significant growth in the managed services part of the business, as well as the success of the SmartStream Reference Data Utility (RDU) and Fees Management Utility.
As president, Chambadal will focus on these areas and other strategic initiatives.
Kaddoura previously served as an advisor to the board of directors. He is also a member of the board of directors of the RDU.
He said: “I am incredibly proud of all that has been accomplished at SmartStream over the last several years and look forward to working with Philippe Chambadal, the executive team and our world-class partners to continue positioning SmartStream at the forefront of the industry.”
Khalifa Al Daboos, chairman of the board at SmartStream, added: “On behalf of the board, we are very proud of the work Philippe Chambadal has done over the past eight years. He has taken SmartStream from a software vendor to a global managed services provider working with the largest banks in the world.”
“The SmartStream Reference Data Utility, Fees and Expense Management, and Transaction Lifecycle Management solutions are each leaders in their respective categories. We support Haytham Kaddoura and Philippe Chambadal in their new roles and expect this change to further expand the company.”
