AQR, the $226bn giant of quantitative investing, has created a senior technology role as it contemplates using financial innovations such as blockchain for trading. The firm has recruited Shane Williams — who helped create UBS SmartWealth, the Swiss bank's robo-advisory business — as its new head of client technologies, according to an email Williams sent to friends and colleagues on August 27. He joined AQR in August and will be based in the US. ...
Quantitative investment pioneer AQR has created senior technology role as it begins to explore the use of distributed ledger technology for trading. The asset manager has hired Shane Williams, who helped create UBS SmartWealth--the robo-advisory business closed by the Swiss Bank last month to fill the role.