Portfolio BI, a provider of investment management solutions to the alternative asset industry, has appointed Jonathan White as the new Chief Executive Officer, effective immediately. The provider’s previous CEO, Jeremy Siegel, will step down after a five-year tenure.

Prior to joining Portfolio BI, White established Viteos, a provider of end-to-end middle and back office administration to hedge funds and private equity firms and oversaw its integration with administration services provider Intertrust Group.

According to his LinkedIn profile, Siegel will transition into the role of Senior Advisor to Portfolio BI.