They are democratising investment through technologyby Exo Investments / February 23, 2018 / Leave a comment
“We want to take robo advice to the next level. By democratising access
to sophisticated investment management, we can empower people financially through technology.”This is CEO Lennart Asshoff’s vision for Exo. This vision became ever more a reality when CTO Antonio Melé joined just under two years ago. Before that, Lennart spent six years as product manager for ETS—one of Europe’s largest quantitative asset firms. It was while crafting made-to-measure investment portfolios for institutional clients that a question was raised:
Why should these high-end tools and technologies be the preserve of the institutional and high net worth clients?
…And with that, the journey of Exo started to take flight.
According to Antonio, when it comes to investing, financial data is a mostly untapped opportunity, with financial institutions rarely brave enough to use cutting edge technologies to process it. Never before has there been so much available to create investor value, such as portfolio personalisation at scale.
Antonio jumped at this opportunity, to democratise and disrupt the financial services industry with Lennart, bringing to bear machine learning algorithms which have evolved over 30 years. They have unwavering belief in each other’s ability to create this change that the market is so ready for. They think the same way: test, optimise, make changes. They are always working together to feed back results into the development process.
He has a long track record in building technological solutions for multinational heavyweights, like Telefónica and Vodafone. He sees…