OnCorps AI, an agentic AI platform focused on fund operations, has appointed former BlackRock executive Ron Allen as Chief Executive Officer, effective immediately. Founder Bob Suh will transition to Chairman and will remain involved in shaping product direction and supporting the company’s strategic growth.
Allen brings more than 25 years of experience building and scaling enterprise platforms for large financial institutions. Most recently, he served as Global Head of Transformation at Aladdin at BlackRock, where he worked with asset managers to modernize front-, middle-, and back-office workflows and expand platform adoption.
Founded in 2011, OnCorps AI provides intelligent exception resolution for fund operations, with a primary focus on asset managers and fund administrators. The company says its platform goes beyond flagging discrepancies in trade reconciliations and fund documentation by autonomously investigating root causes, offering resolution recommendations, and learning from historical patterns to help prevent future breakdowns. OnCorps’ agents are described as production-ready and trained on domain-specific data and workflows.
The leadership change follows a recent $55 million growth investment from Long Ridge Equity Partners. OnCorps AI said it plans to use the capital to accelerate product innovation, expand go-to-market efforts, and scale infrastructure to support a growing customer base. The company also noted that it already serves institutions managing $13 trillion in assets and aims to expand into adjacent capital markets workflows.
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“Bob and the team have built a proven platform with deep client relationships and strong momentum. I’m honored to join at this transformative time in capital markets and look forward to scaling OnCorps’ impact across the industry. Our clients are navigating tremendous complexity, and they need AI solutions that deliver measurable impact. I’m excited by the opportunity to help them unlock meaningful operational efficiencies.”
Ron Allen, Chief Executive Officer, OnCorps AI
“Ron brings the industry experience and seasoned leadership that OnCorps needs to scale. OnCorps already serves leading institutions representing $13 trillion in assets – and is well positioned to expand its platform into adjacent workflows across capital markets. We look forward to partnering with Ron and the team in this next phase of growth.”
Jim Brown, Managing Partner, Long Ridge Equity Partners
“I’m delighted Ron agreed to join OnCorps. Ron is a proven enterprise leader with deep credibility in capital markets technology and a track record of executing large-scale transformations. With Ron as CEO, we’re positioned to expand beyond our existing footprint and meet the industry’s accelerating demand for AI-first middle- and back-office operations.”
Bob Suh, Founder, OnCorps AI
