AlgoTrader AG, a Swiss provider of automated algorithmic trading platforms, has added Richard Chmiel to its leadership team as Chief Operating Officer.
With extensive management experience spanning nearly three decades, Chmiel brings valuable leadership to AlgoTrader executive team during a period of rapid growth. As COO, he will lead operations and direct the company’s administrative functions and its expansion into the US, based out of New York.
The financial services veteran joins AlgoTrader with immediate effect, following a lengthy career as a senior executive for Bloomberg, head of sales for OneTick and CEO of satellite analytics leader RS Metrics. Most recently, he served as Chief Revenue Officer at Accern, a data science venue operating in global media analytics.
Chmiel’s arrival follows on the heels of a recent $1. 5 million round of financing announced in February, which will be instrumental in driving the startup’s growth as well as securing top-tier talent.
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Since its inception in 2014 by Andy Flury, AlgoTrader has been focused on building automated quantitative trading platforms for several asset classes, including cryptocurrencies.
Prior to joining Accern, Chmiel worked at RS Metrics for nearly two years holding the position of Chief Executive Officer as well an advisory role. Additional stints include stops at OneMarketData as its Senior Vice President of Global Sales and Marketing and Skyler Technology as its VP of Global Sales. The bulk of his career has been dedicated to Bloomberg as a Sales Manager, dating back to 1987, according to information made public on his Linkedin profile.
Commenting on his addition to AlgoTrader, Chmiel said: “I was really attracted by AlgoTrader’s comprehensive platform and proprietary technology used by the most discerning quantitative trading firms. This company has a tremendous amount of momentum and I’m looking forward to bringing my skill set to help further its rapid growth.”
AlgoTrader’s founder and CEO Andy Flury added: “Richard is a perfect fit to help AlgoTrader guide its growth and develop its brand. We were looking to bring on someone knowledgeable and seasoned in the financial industry to secure new clients and partnerships and to refine the service offering for our current clients.”