He succeeds Chris Grandi, who has transitioned to the post of chairperson. D’Ambrosi expects to more than double the size of the business within the next three years, while further bolstering service delivery capabilities and innovation, according to the company.

D’Ambrosi brings more than three decades of global IT and service provider industry experience, and has a background in managed services, cybersecurity and finance. He joins Abacus Group from ATSG, where he was CEO, and has previously held senior executive posts leading and transforming large public and middle-market private service provider organisations.

Under his leadership, D’Ambrosi will accelerate the growth of Abacus Group’s business across the financial services market on a global scale, both through targeted acquisitions and organic client expansion, a company statement said. He will focus on extending operations in the North American Free Trade Agreement (NAFTA) and Europe, the Middle East and Africa (EMEA) regions with enhanced service offerings driven by a cloud and cybersecurity-first approach and an emphasis on client and partner engagement.

Grandi, who now serves as head of the board of directors, will work closely with D’Ambrosi to ensure a smooth transition, and retain involvement with the company’s efforts in mergers and acquisitions.

Abacus Group is a provider of IT solutions and services focused on helping alternative investment firms by providing an enterprise technology platform specifically designed for the needs of the financial services industry. 

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