Active Allocator Adds Shakil Ahmed to Board
Top Wall Street and quant hedge fund executive joins FinTech startup board
Sameer Jain and Brian Jones, ActiveAllocator's co-founders, noted, "We are privileged and delighted to welcome Shakil. He is probably one of the best minds in the world within computer science's quantitative intersection with investments. As we grow and evolve our firm from asset allocation to include fund manager selection and active portfolio construction, he will help us think straight and look around corners."
Dr. Ahmed is the founder of Princeton Alpha Management LP, an Investment Adviser based in Princeton Junction, New Jersey, which manages quantitative trading strategies for Private Funds. Prior to forming Princeton Alpha, Shakil was the Global Head of Market Making at Citibank N.A. and served on the Executive Committee of the Equities Division. While at Citibank, Dr. Ahmed also served as the Global Head of Quantitative Strategies and sat on the management committee of Citi Alternative Investments. Shakil started his career at Morgan Stanley, where he spent 14 years in Process Driven Trading (PDT), a group which he ran from early 1999 until he retired from day to day responsibilities in December 2006. Shakil was retained as a Senior Adviser to Morgan Stanley, until joining Citibank in early 2008. Shakil has a Ph.D. in Computer Science from Yale University, where his thesis was on parallel processing (1994). He also has M.S. and M.Phil. degrees in the same field from Yale. His undergraduate degree was in Computer Science from the University of California, Berkeley. Shakil grew up in Vienna, Austria, where he attended the Vienna International School.
Dr. Ahmed commented on his appointment, "I am pleased to advise ActiveAllocator, an investment firm with deep roots in computer science, quantitative methods, academia and finance. Affluent investors should consider intelligently adding actively managed structures, alternative and illiquid asset classes to their portfolios. Until now, there has not been a good method to systematically allocate among a larger set of asset classes and between traditional and alternative investments. I see enormous potential to broaden and deepen the firm’s profile, as well as support the firm’s expansion in the exciting FinTech space."
About Active Allocator
ActiveAllocator is a digital asset allocation platform with technology-enabled customized advice capabilities. It is the world’s first portal that seamlessly integrates traditional, illiquid and alternative investments within portfolios. A FinTech, it helps investors analyze existing allocations, discover inefficiencies and create bespoke portfolios in minutes.
Phone: +1 312 498 1903
Source: Active Allocator LLC