CHICAGO, March 10, 2022 /PRNewswire/ -- Envestnet,
Inc. (NYSE: ENV) announces that Farouk
Ferchichi has been named Global Head of Envestnet Data and
Analytics, bringing together the combined capabilities of Envestnet
| Yodlee, Envestnet Analytics (Wheelhouse), and Abe AI. This
strengthened data and analytics focus under Mr. Ferchichi's
leadership is integral to Envestnet delivering on its vision to
empower all individuals to live an Intelligent Financial Life.
In this role, Mr. Ferchichi will advance the data and analytics
business for Envestnet's financial wellness ecosystem, harmonizing
and connecting all parts of a person's financial life so that their
daily actions speak to and help support their long-term financial
goals.
"As our financial lives become more digital, data-powered, and
intelligent, Envestnet Data and Analytics is incredibly well
positioned to drive the industry change that is immediately ahead,
and Farouk is the best person to lead us on our path forward," said
Bill Crager, CEO of Envestnet.
"Envestnet uses data and technology to support millions of
decisions people make about money every single day. Farouk and his
team will drive the execution of our global data strategy, and
further strengthen our leadership in the data and analytics
industry."
Mr. Ferchichi joined Envestnet in March
2021 as Chief Data and Analytics Officer and has been
focused on transforming Envestnet's data strategy and laying the
foundation to introduce innovative solutions to new markets. Prior
to joining Envestnet, Mr. Ferchichi held global Chief Data
Analytics roles at USAA and Toyota, global consulting partner roles
with Accenture and Gartner, as well as functional roles in risk
management, manufacturing and non-profit.
"I am humbled and ready to take on this unique opportunity to
lead our Global Data and Analytics business," said Mr. Ferchichi.
"Across Envestnet, we have a shared mission of helping our
customers guide their clients toward financial wellness, and our
data and analytics business is the foundation by which we can
create and deploy personalized and actionable insights and
intelligence into the Envestnet ecosystem."
About Envestnet
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). Envestnet is
Fully Vested™ in empowering advisors and financial service
providers with innovative technology, solutions, and intelligence
to help make financial wellness a reality for their clients through
an intelligently connected financial life. Over 108,000 advisors
and more than 6,000 companies—including 18 of the 20 largest U.S.
banks, 47 of the 50 largest wealth management and brokerage firms,
over 500 of the largest RIAs, and hundreds of FinTech
companies—leverage Envestnet technology and services that help
drive better outcomes for enterprises, advisors, and their
clients.
For more information on Envestnet, please visit
www.envestnet.com and follow us on Twitter @ENVintel.
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SOURCE Envestnet