Shantel
Key Takeaways:
- Abacus Group, the leading MSSP for alternative investment firms, has appointed Jesse Sanders as CFO.
- The move is aimed at propelling Abacus Group’s continued expansion and commercial success.
- Sanders brings extensive finance and private equity experience, and will manage the company’s M&A strategy.
About Abacus Group
Abacus Group is a premier provider of hosted IT solutions and services specifically designed for the unique needs of the financial services industry. By offering all technology needs as a service through their innovative Abacus Cloud platform, Abacus allows investment managers to scale on demand to meet current and future cybersecurity, storage, and compliance requirements. The company operates from offices in New York, San Francisco, Boston, Dallas, Greenwich, Los Angeles, Charlotte, Miami, and London. For more information, visit www.abacusgroupllc.com.
The Appointment: Jesse Sanders as CFO
In a significant step towards its rapid expansion plan, Abacus Group has enlisted the expertise of Jesse Sanders, appointing him as their new CFO. With a strong finance background and experience in private equity, Sanders, the former CFO of a large MSP, is well-positioned to drive Abacus Group’s sustainable growth as they continue to broaden their team, services, and global client base.
Sanders’ responsibility will not only encompass managing the company’s overall financial growth but also overseeing its M&A strategy, a role bolstered by his experience in orchestrating numerous add-on acquisitions. “It’s a privilege to join Abacus Group at this exciting juncture and be part of an outstanding team driving ambitious growth. The company’s proven track record of success, coupled with its strategic acquisitions, demonstrates its commitment to delivering unparalleled value to clients and stakeholders,” Sanders said, expressing his enthusiasm for his new role.
Sustaining Impressive Commercial Performance
Abacus Group has consistently demonstrated strong commercial performance, achieving 25% annual growth over the past several years. In addition, the firm has acquired four significant companies within the last five years, notably Gotham Security, which has allowed it to solidify its position as a frontrunner in the MSSP space and diversify its market-leading hosted IT services and solutions for investment managers.
Chris Grandi, CEO at Abacus Group, spoke highly of Sanders, stating, “Jesse’s experience is a perfect fit for us, as he brings both investor and operator perspectives to the table. Combined with his deep understanding of our global client base and clear vision for growth, Jesse is sure to play a pivotal role in the continued success of Abacus Group and our commercialization journey.”
Sanders’ appointment as CFO comes on the heels of two other major senior appointments – Stu Solomon as Non-Executive Director, and Jonathan Shapiro as Chief Revenue Officer – further underlining the ambitious growth plan of Abacus Group.
