ENSO Financial Analytics (ENSO), a provider of data-driven investment and operational insights for hedge funds, today announced that Michael McMahon has joined the firm as Chief Technology Officer.
McMahon will join the executive team and will be responsible for expanding ENSO's network infrastructure and core analytics. He will report to Partner and Co-Founder, Dwaine Alleyne.
McMahon was previously a Managing Director at Bank of New York Mellon, where he led several engineering and architecture teams in building a big data analytics platform for the bank. His vast knowledge base in information technology systems includes enterprise architecture for complex design and large data integration for high-traffic web platforms.
McMahon's extensive experience working with financial technology systems includes managing the Capital Markets and Product Technology team at Morgan Stanley and the Web Technology team at Goldman Sachs.
"With his 25 years of experience working and managing complex systems, Michael will be a great addition to help guide our company forward," said Dwaine Alleyne. "As ENSO continues to grow, we look forward to working together to service our expanding data sets and enhanced analytics, to provide our clients with the best technology solutions possible."
Prior to joining Morgan Stanley in 2006, McMahon was Chief Technology Officer for Publishers Clearing House. He also held technology-focused roles with C-Change, Swiss Bank Corporation and NEXT.
"ENSO's recent developments in client data and analytics emphasize the necessity for comprehensive outsourced technology infrastructure within the hedge fund community," said McMahon. "The need to quickly access and analyze data in a secure fashion is greater than ever, and I am eager to help build ENSO's technology infrastructure to meet that demand."
The addition of McMahon follows two other recent executive-level hires. In May, ENSO announced the additions of Julian Pittam as Head of EMEA and Stephen Caplen as Global COO to help grow the business and serve the firm's hedge fund clients, who collectively manage more than $750 billion in assets. In total, ENSO has grown from three employees in 2011 to approximately over 70 global employees, the majority of whom are located in ENSO's New York headquarters.
ENSO's most recent product release includes ENSO Color Portal. ENSO Color Portal is a platform made for the dealers that allows them to distribute rates and commentary directly to the underlying fund managers.
ENSO Core allows hedge fund managers to categorize the commentary based on specific portfolio interests, provide direct feedback, and optimize counterparty relationships.