AlgoQuant, a premier quantitative proprietary trading firm, has announced the appointment of Michael Ashby as its new Chief Executive Officer (CEO). The decision was made after an extensive search by the company’s co-founders and managing directors, Alex Goncharov and Daniel Katz.
In his new role, Ashby will be responsible for guiding AlgoQuant’s planned expansion into securitization, building upon the firm’s multi-year success in proprietary trading. He will be based out of the United Arab Emirates and will focus on enhancing AlgoQuant’s presence across Europe, Middle East and Asia.
“We are excited to partner with Michael and believe his leadership role will be pivotal in steering AlgoQuant’s planned expansion into securitization, building upon the firm’s multi-year success in proprietary trading,” said Alex Goncharov, Co-Founder and Managing Director of AlgoQuant. “His efforts will be focused on enhancing AlgoQuant’s presence across Europe, Middle East and Asia, with Ashby based out of the United Arab Emirates.”
Ashby brings to AlgoQuant a distinguished career in asset management and digital assets. He has previously held positions at Point72 Asset Management, Meraki Global Advisors, Thunderbird Partners LLP and Ziff Brothers Investments. His experience and expertise in operational and strategic growth make him an ideal fit for AlgoQuant’s expansion plans.
In addition to his role at AlgoQuant, Ashby also serves as a strategic advisor to several innovative firms, including DS3 Crypto, Membrane Labs, and VenHedge. Through these roles, he provides insights and guidance on digital asset strategies, product development, market expansion, and fund diversification.
With a proven track record of driving growth and innovation, Ashby is uniquely positioned to lead AlgoQuant into its next chapter of expansion and diversification. His strategic vision, combined with his advisory roles, underpins his unique insight into the evolving landscape of financial services, setting the stage for AlgoQuant’s continued leadership and success in the industry.
AlgoQuant is a leading quantitative proprietary trading firm with a strong focus on harnessing algorithmic trading strategies to maximize performance. The firm is committed to expanding its offerings into securitization, leveraging cutting-edge technology and quantitative analysis to achieve superior results for its future clients.
For media inquiries, please contact AlgoQuant at info@AlgoQuant.io.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.