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Former BlackRock executive Mark Brady to join Hong Kong SaaS startup FinFabrik

31 May 2017  |  3008 views  |  0 Source: FinFabrik

FinFabrik, a provider of specialised software-as-a-service for financial institutions, announced today that Mark Brady joined the company as its Chief Investment Officer to support the strong growth trajectory across the region, particularly with the asset management client segment.

Mr. Brady was previously Chief Operating Officer for iShares Japan, based in both Hong Kong and Tokyo. Prior to this role, he was Head of Capital Markets, Asia Pacific, for BlackRock iShares. With over 15 years’ experience in the industry, Mr. Brady will assume responsibility for building partnerships with both buy and sell side institutions across capital markets in Asia Pacific. He will report to Mr. Alex Medana, CEO of FinFabrik.

FinFabrik develops software platforms for financial firms to provide investment services to their clients and engage in technology-driven capital market activities. Its flagship solution BrokerFabrik is an integrated, white-label retail brokerage platform. The company expanded its offering with the product AlgoFabrik, a highly sophisticated algorithmic trading platform used for running quantitative investment strategies, an area that has been growing strongly.

“As a financial services focused technology company, the hire of Mark Brady gives us the ability to work with buy-side institutions to develop tailored solutions helping them achieve a competitive advantage in a crowded and competitive space. His track record of building businesses across Asia Pacific speaks for itself and will help to further differentiate us as a company and to continue our commitment to deliver client value in a segment that requires deep expertise”, FinFabrik CEO Alex Medana commented.

Florian Spiegl, the company’s COO stated, “We are delighted to see Mark join our team to focus on developing client solutions that leverage his deep knowledge of capital markets, technology and business strategy. The asset management industry is undergoing a massive shift with the introduction of artificial intelligence, changing distribution models, fee compression and diversification of products away from the traditional mutual fund wrapper. We experience growing demand from clients for both strategy and advanced technology in this space.”

Mark Brady added, “I’m excited to join an amazing team with such focus and drive to deliver world class solutions for our partners. With the disintermediation of the financial services industry well underway, helping our partners navigate an already confusing landscape and bring them closer to their clients with simplicity and elegance is our highest priority.”

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