Citisoft appoints Peter O’Toole as Principal

Boston, MA, USA - 4 May 2011

Citisoft, a leading global investment management consulting firm, is pleased to announce the appointment of Peter O’Toole as Principal, North America. In his role, Peter will be responsible for all aspects of Citisoft’s client engagements, including developing new business relationships, advising clients, and crafting solutions to resolve our industry’s current challenges.

Peter’s appointment is part of Citisoft’s strategy to expand its advisory capabilities across a broad range of client needs. Today’s investment management marketplace is placing a premium on people and solutions that operate at the intersection of business, operations, and technology; and Peter’s experience and strong record of accomplishment across the investment management lifecycle make him an ideal fit. Peter will be based out of Citisoft’s Boston headquarters and will report to Paul Migliore, Citisoft, Inc.’s Chief Executive.

Peter joins Citisoft from Ernst & Young, where he was a partner in the Financial Services and Investment Management practice with the primary responsibility of leading audit and advisory client relationships. Peter spent over 20 years with the firm consistently demonstrating the ability to deliver world-class client service. Peter’s achievement has come as a result of his extensive knowledge of operations, accounting, and financial reporting of all flavors of investment products and their service providers, including mutual funds, hedge funds, common and collective trust funds, managed separate accounts, investment advisors, and transfer agents.

“Joining Citisoft is a fantastic opportunity for me and I am truly excited about the direction this organization is headed in,” says O’Toole. “Our industry is facing new challenges as a result of continued regulatory pressure, investment product expansion, and all flavors of outsourcing. I’m really looking forward to combining forces with the very talented Citisoft team to help resolve those problems, especially when it comes to assisting firms achieve effective operations control and related risk reduction.”

Migliore states, “Peter O’Toole has the unique blend of skill and experience that our clients are looking for. Our consulting business has evolved over 25 years to support not only technology advisory services, but operations control, outsourcing, and other domains. Peter is a perfect addition to our team. He is able to operate at the most-senior levels in servicing our clients and can do so with a practitioner’s understanding of what it takes to get results in this business.”

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