BSB International Gets New CEO

Marwan Hanifeh, BSB International

Marwan Hanifeh has been named CEO of BSB International, an asset management software provider based in Louvain-la-Neuve, Belgium. He replaces CEO and company founder Jean Martin, who stepped down on Jan. 29.

Hanifeh was previously CEO of software company Vermeg Group, the majority shareholder in BSB International as of Jan. 21, when it exercised its stock options and launched a mandatory take-over bid.

"BSB has a solid leadership team and, over the past two years, its Board of Directors and Executive Committee have successfully addressed the key changes necessary to improve the company's financial performance significantly despite a challenging economic climate," says Badreddine Ouali, chairman of BSB International. We have implemented a strategy to focus on our core strengths, maximize efficiencies and leverage our strong product base. I am confident that Marwan and BSB's Executive will maintain this course."

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