BISYS has named Mary Lumetta vice president of product development for its Hedge Fund Services business.
She will join the existing BISYS management team with a focus on product development and product strategy. Lumetta has over 20 years of extensive global experience in product development and business transformation focusing on customer-centric solutions, and has been extremely successful with establishing common methodologies and communication channels within organisations and with clients.
Prior to joining BISYS, Lumetta held a number of senior positions, most recently, vice president of product development for Cartesis, a leading business performance management software vendor in France. Before joining Cartesis, she was global head of communications for Deutsche Bank, where she was responsible for overseeing the online development projects on a global basis. Projects included defining policies and procedures, instituting standardized development methodologies, and coordinating cross-business marketing strategies. Prior to Deutsche Bank, Lumetta also spent 10 years as head of product development for IBM and American Express in New York.
'We are thrilled to have Mary join our London based team,' says Ronan Daly, president of BISYS Hedge Fund Services. 'We are confident that her expertise and insight will be an invaluable asset to our innovative product development initiatives, worldwide. Her energy, enthusiasm and focused approach to successfully identifying ways to raise the bar to meet our clients' needs are critical. We look forward to growing our product suite and meeting our clients' needs.'
Commenting on her new role, Lumetta says: 'I'm delighted to be part of the BISYS team and to have the opportunity to leverage my previous experience. Joining a leader in the hedge fund industry and being able to contribute to its growth is very exciting. This opportunity allows me to utilize my breadth of knowledge and experience and to make strategic and tactical contributions to expand the business.'
Lumetta is a graduate of New York University and earned her Master of Arts degree from City University of New York. She will report to Daly and will be based in BISYS' London office located at 118 Piccadilly, Mayfair, London.
Background notes: BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory, and tax services for the alternative investment industry with over USD 200 billion in assets under administration. BISYS provides innovative and tailored solutions to more than 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group.