Fenergo boosts executive team with two new appointments

By Megha Bhattacharya

Fenergo, the provider of KYC and CLM software solutions for financial institutions, has announced the appointments of Stella Clarke as Chief Strategy and Marketing Officer and Alan Molloy as Chief Product Officer. The new hires are expected to take the firm to the next phase of growth by strengthening and executing corporate, go-to-market and product strategies. The move follows Fenergo’s recent acquisition by Astorg and Bridgepoint.

“Stella and Alan have a strong vision of where we need to go as we embark on this next chapter of growth and platform evolution. Both have proven track records in leading diverse high growth software firms with experience in financial services, SaaS, cloud and digital transformation. They perfectly complement our existing team’s skills in accelerating growth,” commented Marc Murphy, CEO, Fenergo.

Stella most recently held roles at Murex where she spearheaded a strategic global marketing practice. Stella has previously held numerous roles at DBS Bank in Singapore including Head of Technology and Operations in wholesale banking for Treasury & Markets, and Wealth Management. She brings years of experience working in banking technology, operations and enterprise financial software roles in capital markets, wholesale banking and fintech firms across Asia and Europe.

“Fenergo has built fantastic momentum in the industry and a very strong brand in the CLM and KYC space. There is huge potential for growth, and I look forward to strategically guiding the business to the next chapter while further elevating the brand and expanding our GTM on a global scale,” said Stella Clarke.

Alan brings experience in technology leadership, innovation and digital transformation at a range of firms including Paddy Power, FINEOS, Allied Irish Banks (AIB) and McKinsey. Alan is responsible for driving the product organization and strategy with a focus on leveraging Fenergo’s CLM platform for scale. Alan will focus on reinforcing excellence within Fenergo’s engineering function and leading teams to execute on the firm’s vision to become cloud-native and accessible to all financial institutions.

Alan Molloy said, “Fenergo is the undisputed leader in CLM and has an extensive track record in delivering transformative solutions that remove the friction from know your customer (KYC) and client onboarding while ensuring regulatory compliance. It’s a privilege to be part of the C-suite at this juncture and I’m excited to help scale the business through the delivery of our cloud-native SaaS CLM platform to financial institutions globally.”