LUX Fund Technology and Solutions (LUX), a business and technology solutions provider for the alternative asset management industry, has announced that Jeremey Siegel will join the company as CEO to lead the company as it continues to build out innovative data solutions for the alternative assets sector.
Mr. Siegel brings 24 years of experience in client relationship management and product and industry knowledge to LUX, having worked with over 500 hedge funds from around the globe helping to grow their businesses through technology, operations and institutional systems. He will be responsible for building out Transcend, the company’s flagship SaaS-based front-to-back office automation technology platform.
Alan Freudenstein, LUX Board Member and Portfolio Manager of Credit Suisse Asset Management’s NEXT Investors said, “We are pleased to welcome Jeremy to LUX as CEO as the company gets ready to introduce its innovative new technology to the marketplace. 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.”
Mr. Siegel comments, “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, “Jeremy 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, Jeremy 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.”
Mr. Siegel will replace Nik Takmopoulos, a founder of the firm, who will become President. Mr. 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.