Software product company that provides lending and transaction banking products to global financial leaders, Nucleus Software, has appointed Parag Bhise as the Chief Executive Officer.
He succeeds the outgoing CEO, RP Singh, who retired after a career spanning 35 years with Nucleus Software. The appointment is effective from April 1, 2021, the company said in a statement.
Nucleus Software witnessed the beginning of the new era under the mentorship of R P Singh who was instrumental in spearheading the launch of cutting edge products. His leadership ensured that Nucleus continued to scale greater heights.
Under his stewardship, Nucleus came to be known for re-architecting, re-designing, and development of best-in class software products, FinnOne NEO and FinnAxia, for global banking and financial services leaders.
“I am very happy to pass on the baton to Parag Bhise, who will continue to lead from the front and ensure that Nucleus continues to be an asset to the global financial industry leaders by providing technologically superior products that address any and all lending and transaction banking needs of clients,” said Nucleus Software Outgoing CEO RP Singh.
“His invaluable contribution as the head of delivery during my tenure ensured that we were recognised and much feted by our customers. Our product innovations and deployments have won us many laurels and it is a pleasure to leave the company in such capable hands,” he added.
Parag Bhise has been a transformational leader for Nucleus Software and has played a key role in developing and growing Nucleus businesses in India and abroad.
His experience in developing business and leading product engineering teams have stood out during his three-decade career with the company. He will lead the Nucleus 2.0 vision of continuous improvement in products and solutions.
He has a Master’s Degree in Computer Applications from BIT Mesra, MBA from the Management Development Institute – Gurgaon and has done courses from MIT in Innovation & Technology.
“Parag Bhise has been an effective change manager at Nucleus Software for over 31 years now. He embodies our promise of providing tech superiority, product innovation and continuity to our customers, most of them being the who’s who of the industry,” Nucleus Software Managing Director Vishnu R Dusad.
“Our first product order for lending in 1992 in Indonesia was delivered by Parag. In addition, he was instrumental in developing from scratch one of the most significant Nucleus partnerships globally in the most demanding and quality conscious market, Japan,” he added.