As Former Head of FIS Merchant Solutions, Heimbouch Brings Significant Industry Experience to Allvue to Build & Continue to Expand on the Firm’s Successful First Year of Growth
Allvue Systems (“Allvue”), a leading alternative investment technology solutions provider, today announced the appointment of Mark Heimbouch as Chief Executive Officer. Heimbouch will oversee Allvue’s strategy, expansion and operations across North America, Europe and Asia and will take over leadership from current Chief Executive Officer Rey Acosta who will assume the role of Executive Chairman of the Allvue Board.
Heimbouch brings with him a strong track record of building successful financial services and technology companies. He most recently served as President of FIS Merchant Solutions after the firm’s acquisition of Worldpay. Prior to the acquisition, Heimbouch was President, Chief Operating Officer and member of the Board of Directors of Worldpay, where he was instrumental in transforming and growing Worldpay into a global leader in eCommerce and the largest global merchant payment processor.
“Strong technology partners have always been incredibly important, but the past 8 months have underscored just how imperative and integral best-in-class technology solutions are for alternative asset managers,” said Mark Heimbouch, Chief Executive Officer of Allvue. “Allvue is an organization I have admired over the last year for its successful integration of two industry leaders into a technology solutions powerhouse and its impressive growth, all in the midst of a global pandemic. I am excited to join this amazing team and look forward to working together to continue to build on these successes to help our clients solve for their ever-evolving needs.”
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Allvue was founded last year through the merger of alternative investment technology providers AltaReturn and Black Mountain Systems to create a unified alternative investment solution platform that seamlessly services the front to back office, equity to credit sectors and the entire investment life cycle. Acosta co-founded AltaReturn in 2008 and co-led the firm before its merger with Black Mountain, after which he has served as the Chief Executive Officer of Allvue. In his new role as Executive Chairman of the Allvue Board, Acosta will provide guidance and counsel to Heimbouch and the Allvue leadership team.
“I am immensely proud of what we have achieved at Allvue in our first year, delivering on our commitment to provide clients with best-in-class solutions that support their needs from investment to investor and across the investment lifecycle,” said Rey Acosta, Executive Chairman to the Allvue Board of Directors. “I am confident Mark is the right leader to continue this exciting journey and look forward to working closely with him and our team as the Executive Chairman of the Board.”
Allvue has experienced strong growth and expansion during its first year, which has been characterized by double digit bookings, strong client growth, with more 400 clients globally today, organizational expansion with the addition of 200 new employees in the past 12 months, and a number of significant new product launches to serve an expanded client base.
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