The provider of financial instrument price movement forecasting analytics is expanding its reach across Asia, appointing a new managing director for the region.
Algodynamix has appointed Paul Lee-Simion as its Singapore-based managing director to lead the company's growth in Asia, and is adding specialist representatives in Singapore, Thailand, and Indonesia, the U.K.-based company announced on Tuesday.
The company provides forecasting analytics tools for investment banks and asset managers around the globe. It already has a presence in India and China.
«Asia is very digitally savvy, and the adoption of new technologies is embedded in the culture. AlgoDynamix’ ground-breaking approach of turning complexity of human behavior into simple, advance warning of market movements, aligns really well with Asia’s thirst for innovation,» Jeremy Sosabowski, co-founder and executive director of AlgoDynamix, said about the appointment.
Experienced Technologist
Lee-Simion joined the company from DBS Bank, where he worked in investment and insurance since 2017. He was previously the director of UBS' design thinking center, head of engineering and data innovation at Standard Chartered Bank, director of IT, architecture and innovation at Deutsche Bank.
He also spent 10 years as principal architect at AA Info and 10 years as chief technology officer at Barclays' investment banking arm, according to his LinkedIn profile.
Growing Footprint
Incorporated in 2014, and backed by institutional investors including Amadeus Capital Partners, Algodynamix said it has been experiencing strong customer-led growth. To support this, it has also appointed David Toomey-Wilson as the national sales director for the Americas.
«During 2020, we have seen many of the old ways of viewing risk discarded because a historical view of the markets is simply no longer valid. Our real-time analysis of world markets is being embraced by a much wider client base and we need to expand and keep in-step with clients and provide local contact points, as our business grows,» Sosabowski said.
