Rudy Karsan cofounded Raymond Karsan Associates in 1987 and has been instrumental in the company's rapid growth. He was named chief executive officer of the Wayne, Pa-based firm in 1991.
From its modest beginnings with just three employees, Raymond Karsan Associates has become a fast-growing provider of human resource and information technology solutions, with more than 400 employees and 35 principals in 15 locations in the continental United States, the United Kingdom, and India. In its most recent growth-related development, the firm received an investment from Parthenon Capital, a Boston-based private equity investment firm.
Karsan's path to the helm of Raymond Karsan Associates first took him from his birthplace in Mombasa, Kenya, to England, and then to Canada, where he earned a bachelor's degree in mathematics from the University of Waterloo. Following graduation, he accepted a position as an actuary with Mercantile & General Insurance Company, in Toronto. At the age of 25, he earned the title of Fellow in the Society of Actuaries, making him the youngest to hold such a position at the firm.
Success has marked Karsan's tenure as CEO of Raymond Karsan Associates. For four years Inc. magazine recognized the firm as one of the fastest-growing companies in the United States. The firm has also been ranked in the Philadelphia Business Journal's 100 fastest-growing privately held companies. Karsan has been recognized for his entrepreneurial achievements by the Kauffman Foundation and the Ernst & Young Entrepreneur of the Year program and also by the Aga Khan Economic Planning Board. He has also been profiled by the Philadelphia Business Journal as one of the Philadelphia area's 40 individuals with the most noteworthy accomplishments by the age of 40.
Karsan has been actively involved with Junior Achievement and has served as chairman of its board of directors in the Delaware Valley. Karsan also has held a variety of leadership roles within the local religious community, including holding the title of Mukhi, or priest, at his mosque. The Aga Khan University in Karachi has recognized him as a patron for his dedication of time and resources.
Karsan has been married for 20 years and is the father of two children. When asked about his greatest achievement, Karsan unreservedly states, "My family. Absolutely, absolutely, absolutely my family." Karsan and his family currently reside in Bryn Mawr, Pa.