Coremont LLP (“Coremont”), a leading FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, today announces that it has appointed Akbar Sheriff as Global Chief Operating Officer and Partner.

Akbar has 20 years of experience across financial services, technology and strategy consulting, with a focus on growing client-centric, tech-enabled businesses. Akbar joins from State Street (NYSE:STT), a globally systemically important institution (GSIFI) with ~$12B revenue, where he held multiple global and regional leadership roles, including leading the company’s highest earning core product suite as Global Head of Custody and Digital Client Experience, and heading State Street’s substantial institutional services business in UKMEA. He has also served on Boards of a range of fintechs, including Proxymity and Fnality International. Prior to State Street he was an Associate Principal at McKinsey & Company, where he served financial services firms across strategy, risk, and digital transformation.

Coremont provides portfolio management technology and support across all investment management and trading functions. Its flagship software, Clarion, provides rich risk analytics and data across all asset classes, including rates, fixed income, credit, FX, equities, commodities and, most recently, cryptocurrencies.

Jev Mehmet, Chief Executive Officer at Coremont, said: “I am delighted to welcome Akbar to Coremont. Akbar’s significant experience in driving commercial growth through scalable technology will accelerate Coremont’s path as a market-leading provider of technology and data to investment managers.”

Akbar Sheriff commenting on his appointment: “I am thrilled to be joining Coremont at such an exciting time. The level and depth of the service that the company provides is well recognised by the wider investment management sector and I am looking forward to working with a great team to further grow our service offering to allow clients to diversify into new markets.”