QuantumStreet AI Hires New Investment Solutions EVP
Fintech firm QuantumStreet AI has appointed Marc Zieger as its Executive Vice President of Investment Solutions. Zieger was a co-founder of Scientific Beta, an index platform he helped grow to $60 billion in assets. He will now lead QuantumStreet's institutional expansion.
Before co-founding Scientific Beta, Marc Zieger was responsible for indexing clients at Morningstar and advised large European institutional clients on risk management and asset allocation solutions at BlackRock. Scientific Beta, which spun out of the EDHEC Risk Institute, specialized in "smart beta" and multi-factor investing. Under its leadership, assets tracking its indices grew from $43 billion at the end of 2018 to $59.2 billion by the end of 2019. QuantumStreet AI is the institutional division of EquBot and a fintech partner with IBM, using the Watson AI platform to design investment solutions. The firm's AI models analyze vast amounts of data, including structured and unstructured text in twelve languages, to identify market trends. The company currently has more than $7 billion in institutional assets linked to its AI-driven indexes. In July 2024, QuantumStreet AI collaborated with European banking giant BNP Paribas to launch a new Cross Asset Trend and AI Index in Brazil. Zieger's move places him at the intersection of two major industry shifts: the growth of factor-based investing, which is projected to reach $2.7 trillion in assets, and the increasing use of AI for deep investment research. Fintech firms are increasingly deploying AI to automate compliance, conduct real-time risk assessments, and develop personalized investment portfolios. This allows asset managers to move beyond using AI primarily for back-office operations and into core investment strategy.
