Citisoft, the international consultancy for investment managers, has made three top-rank appointments that it says are driven by rising demand for its services.

In the firm’s outsourcing service, Citisoft has hired Ken Back, an industry specialist with over 30 years’ experience. Back has been responsible for strategic outsourcing projects, client acquisitions, divestments and alliances in a variety of senior positions throughout the EMEA region for companies such as Citigroup, State Street, ISIS and Clerical Medical.

Former head of business development Steve Young has been promoted to chief executive for Citisoft plc, while Jonathan Clark has taken on the role of global head of financial services for Citisoft’s parent company Mahindra Satyam, in addition to his responsibilities as group CEO of Citisoft.

Young is a senior industry executive with 30 years’ experience. He was one of the four-man team that created Rhyme Systems following a management buy-out from Misys in 2003. At Rhyme he was a director responsible for marketing and business development. Prior to these roles, Young held senior positions at Thomson Reuters, Extel Financial and Datastream.

Citisoft says it has a client base of more than three-quarters of the top 50 global asset managers. The firm was founded in 1986.