SmartStream Technologies, the Transaction Lifecycle Management (TLM^®) specialist, today announced that Haytham Kaddoura has been named CEO of SmartStream and will be working with Philippe Chambadal who will be assuming the role of President. With the recent formation of the SmartStream Reference Data Utility (RDU), the success of the Fees Management Utility and in anticipation of upcoming acquisitions, Mr. Chambadal will focus on these and other strategic initiatives.

Mr. Kaddoura served as an advisor to the Board of Directors of SmartStream, and is a member of the Board of Directors of the SmartStream Reference Data Utility. He stated “I am incredibly proud of all that has been accomplished at SmartStream over the last several years and look forward to working with Philippe, the executive team and our world-class partners to continue positioning SmartStream at the forefront of the industry.”

Mr. Chambadal said, “With the unparalleled growth we are experiencing in areas such as managed services and ICD’s dedication to the expansion of the Company, I look forward to working with Haytham to bring SmartStream to the next level”

Mr. Khalifa Al Daboos, Chairman of the Board added, “On behalf of the Board, we are very proud of the work Philippe has done over the past eight years. He has taken SmartStream from a software vendor to a global managed services provider working with the largest banks in the world. The SmartStream Reference Data Utility, Fees and Expense Management and Transaction Lifecycle Management solutions are each leaders in their respective categories. We support Haytham and Philippe in their new roles and expect this change to further expand the Company.”