LUX Fund Technology and Solutions has appointed Jeremy Siegel as CEO to lead the company as it continues to build out innovative data solutions for the alternative assets sector.
Siegel joins LUX from Credit Suisse where he was a managing director in the Global Markets division and Global Head of the Prime Consulting team. He previously worked at Eze Castle Integration, Morgan Stanley and American Express.
He will be responsible for building out Transcend, the company’s flagship SaaS-based front-to-back office automation technology platform.
Siegel will replace Nik Takmopoulos, a founder of the firm, who will become president.
Alan Freudenstein, LUX board member and portfolio manager of Credit Suisse Asset Management's NEXT Investors, said: “We are pleased to welcome Jeremy Siegel to LUX as CEO as the company gets ready to introduce its innovative new technology to the marketplace.”
Freudenstein added: “He will lead the company’s growth strategy through new hires and product development, and applying new technologies to LUX’s already existing platform that addresses the needs of the complex alternative asset management sector.”
Commenting on his appointment, Siegel noted: “I am excited to be joining LUX at this pivotal moment, as the company goes into growth mode. LUX has assembled a strong team that has worked together at some of the largest global hedge funds designing, developing and delivering technology. I believe the company is well positioned to provide solutions that the alternative assets sector needs for cost-prohibitive build-outs of data warehouses and the consolidation of client data in a central location.”
Nik Takmopoulos, founder of LUX, added: “Siegel has a proven track record of successfully working with hundreds of hedge funds to uniquely scale their niche business models and trading strategy through processes, outsourcing, oversight and control.”
“At LUX, Siegel will lead in our efforts to build out our state-of-art technology solutions that will allow funds to run their operations in-house more efficiently, with more flexibility, and cost efficiently.”
