LUX Fund Technology and Solutions (LUX FTS), a business and technology solutions provider for the alternative asset industry, today announced the firm has hired Christopher Bloechle as chief technology officer.
The company also announced the promotion of founding partner, Mark Christine, to Chief Innovation Officer.
“We are delighted to welcome Chris as he brings his expertise having worked at one of the largest global hedge funds,” said Nik Takmopoulos, Chief Executive Officer and Founding Partner of LUX FTS. “Serving the day-to-day needs of clients, Chris’ institutional knowledge will help the company to better serve larger funds as well as allow us to scale the Transcend platform for increased complexity and our growing client base.”
Chris has 20 years of experience designing, developing and delivering technology for financial services. Prior to joining LUX FTS in early 2018, Chris spent 16 years with Point 72 Asset Management/SAC Capital Advisors where he successfully fulfilled IT roles with responsibility for software products and solutions utilized in every facet of the fund. He was most recently the director of front office IT, where his solutions were used daily by 100 portfolio managers and their investment teams. Before that, Chris was the founder and managing partner at a software consultancy for five years, where he worked with a number of well-known clients, including Pitney Bowes, American Express and Moody’s. He earned his BS in industrial engineering from the University of New Haven where he graduated Cum Laude.
With Chris as CTO, Mark Christine will transition into the newly created position of Chief Innovation Officer.
“In my new role, I will focus on building out our R&D department which will deliver innovative new products and features to be deployed across the Transcend platform,” said Christine. “Today’s rapidly evolving needs of investment management firms demands cost-effective technology solutions for alternative asset managers that can automate and perform functions across the firm.”