Nucleus Software, a provider of lending and transaction banking products, on Monday said it has appointed Parag Bhise as its Chief Executive Officer. Bhise succeeds RP Singh, who has retired after a career spanning 35 years with Nucleus Software, a statement said.

The appointment is effective April 1, 2021.

"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," Singh said.

Bhise has played a key role in developing and growing Nucleus' businesses in India and abroad, the statement said. His experience in developing business and leading product engineering teams have stood out during his three-decade career with the company, it added.

Bhise will lead the Nucleus 2.0 vision of continuous improvement in products and solutions, it said.

"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," Vishnu R Dusad, Managing Director of Nucleus Software, said. SR SHW SHW