Ultimus Fund Solution, a provider of full-service fund administration, accounting, and investor solutions, has appointed Michael K. Neborak as executive vice president and chief financial officer (CFO).
Neborak joins from First Data Corporation where he served as executive vice president, controller and chief accounting officer.
As CFO at Ultimus, Neborak will be responsible for managing the organisation’s financial operations, overseeing capital allocation and capital markets activities, and driving cash flow performance.
He will also manage relationships with investors, debt holders and rating agencies, assessing risks and opportunities, and leading teams from both finance and corporate accounting.
He brings an extensive background in his 30 year career in the financial services industry. During this time, he has accumulated knowledge and experience in accounting, capital raising, mergers and acquisitions, finance transformation, investor relations, SEC reporting, financial planning and analysis, and treasury.
Prior to Ultimus, he served in many executive and CFO roles throughout his career including with First Data Corporation, Willis Group Holdings plc, MSCI, and Citigroup Alternative Investments.
Neborak has also worked at Solomon Smith Barney in the investment banking division in increasing roles of responsibility and began his career at Arthur Andersen & Company.
Gary Tenkman, CEO of Ultimus, said: “Michael Neborak’s extensive background with growth companies, as well as his depth of knowledge in the financial services industry will be instrumental as we continue to focus on scalability.”
“His past accomplishments have demonstrated his skill for inspiring financial teams under his watch, and for helping firms transform and progress to meet overall strategic goals. We are very pleased to welcome Neborakl to the Ultimus executive team.”
Neborak commented: “In searching for a new role, I had three goals in mind that included joining a company where I could help create value, continue to work in a dynamic industry, and collaborate in a true team environment.”
He added: “In the end, Ultimus fulfilled those requirements and more, and I’m confident that with the professional teams in place across the firm we can execute on established plans to drive consistent growth. I look forward to partnering with the executive team and continuing to build on their success.”
