London, U.K. – Today, Clearmatics announced that Alexander Lipton, CEO of StrongHold Labs, a Visiting Professor of Financial Engineering at EPFL, and a Connection Science Fellow at MIT Connection Science, is joining the firm in the capacity of Senior Advisor.
“Clearmatics is thrilled to welcome a financial visionary and a leading academic like Alexander to the firm,” said CEO Robert Sams. “His addition to our team will support our pursuit of distributed automation in all business processes and in particular in financial market infrastructure.”
Clearmatics is working to deliver new technology that enables distributed automation and the redesigning of business processes. Last year, the company announced a partnership with five leading financial companies; UBS, Deutsche Bank, Santander, BNY Mellon, and ICAP to pioneer the development of a digital cash settlement asset to help transform the way cross-border financial settlements are done. .
Lipton previously served as a Managing Director, Quantitative Solutions Executive, at Bank of America, and a Visiting Professor of Quantitative Finance at University of Oxford and Advisory Board member at the Oxford-Man Institute. He is an expert in financial technology, distributed ledgers, and balance sheet optimization and has published seven books and more than one hundred papers on applied mathematics and quantitative finance. Named Risk.net‘s first ever “Quant of the year” in 2000, Lipton has held several prestigious positions in both academia and the private sector.
In his role as Senior Advisor for Clearmatics, Lipton will help advance the company’s core technology as well as build out financial sector applications.
“Most importantly, Lipton’s vision and theoretical work will help guide Clearmatics’ technology approach to quantitative finance and next-generation banking infrastructure.” said Sams.
About Clearmatics: Building on the promise of distributed ledger technology, Clearmatics’ “Distributed Virtual Machine” (DVM) combines logic with ledger to achieve true distributed automation of business processes. By leveraging the power of the DVM, leaders and entrepreneurs in finance, internet of things, manufacturing, and other industries will be able to create new business models and redesign processes to drive innovation. http://www.clearmatics.com