AlgoTrader AG, a Swiss provider of automated algorithmic trading platforms, has secured a new executive member, adding Jakob Bosshard as the latest entrant to its organization. The former senior technical executive at UBS, Fintech Additiv and Arizon will take on the role of AlgoTrader’s Chief Operating Officer.
Bosshard succeeds Richard Chmiel, who joined the company in April 2018 after lengthy tenures at Bloomberg, and as a global head of sales and marketing for OneTick and CEO of satellite analytics leader, RS Metrics.
With extensive management experience, Bosshard 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. In this capacity he will also help oversee key elements of operational finance, risk, and compliance, leaning on his years of executive expertise.
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Bosshard’s arrival follows on the heels of a recent $1.5 million round of financing announced in 2018, which will be instrumental in driving the startup’s growth as well as securing top-tier talent.
Since its inception in 2014 by Andy Flury, AlgoTrader has been focused on building automated quantitative trading platforms for several asset classes, including cryptocurrencies.
Commenting on his addition to AlgoTrader, Jakob Bosshard said: “I was really attracted by AlgoTrader’s comprehensive platform and innovative technology used by the most sophisticated quantitative trading firms. This company has a tremendous amount of momentum, a great team to work with and I’m looking forward to bringing my skill set to help maintain its rapid growth.”
AlgoTrader founder and CEO Andy Flury added: “Jakob is an ideal fit to help AlgoTrader manage its growth and hone our software development plans. With his broad market knowledge and variety of managerial experiences, Jakob will be overseeing our delivery teams. We’re excited to see him help scale AlgoTrader with the same success he’s had in his past ventures.”