Fenergo To Create 100 New Jobs

07 Sep 2017 | 10.38 am

Fenergo To Create 100 New Jobs

Irish tech firm also announces two senior appointments

07 Sep 2017 | 10.38 am

Dublin-based fintech company Fenergo has announced a brace of senior appointments as well as plans to hire 100 additional staff.

Michele Shepard is Fenergo’s new chief revenue officer and Greg Watson (pictured) joins as managing director of sales and strategy.

Shepard is an enterprise software veteran who joined Fenergo from Vertafore, where she was SVP of sales and marketing and CRO. Prior to this, Shepard held various management and executive-level positions during a 12-year tenure at Gartner.

Watson joined Fenergo from HSBC, where he spent seven years in a variety of roles, most recently as a managing director and global head of the client management group for the global banking and markets division.

Prior to this, Watson worked in private equity, in business/product management for UBS Investment Bank, and in various IT and transformation roles for Centrica, Reuters and management consultancy.

Fenergo specialises in software solutions for investment, corporate and private banks. The business was founded in 2009 by Marc Murphy as a spin-off from Ergo, an IT outsourcing firm. The company now operates offices in New York, Boston, Sydney, Singapore, Japan and Abu Dhabi.

In April 2017, Fenergo announced the creation of 200 new roles. This week’s announcement of a further 100 roles will bring the total number of Fenergo employees to 600.

Fenergo’s turnover grew by 59% to nearly €30m in the 12 months to March 2017, with the UK and US as its biggest markets. The company booked a loss of €2.4m during the period, closing the year out with net worth of €10m.

Commenting on the jobs announcement, Marc Murphy, CEO of Fenergo, said that the business has experienced average annual revenue growth of 80% for the last five years.

“Fenergo is currently riding a huge growth wave. We are seeing demand and growth in the global market across multiple segments of the banking sector, including corporate, institutional, commercial and private banking,” Murphy added.

 

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