Quantitative Brokers has appointed Ralf Roth as Chief Executive Officer and named Thomas Ascher as Executive Chairman. The decision came as the independent global provider of advanced agency algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets found itself with a strategic investment $24 million from Centana Growth Partners.
The capital infusion enables Quantitative Brokers to respond to the increased demand for its algorithmic solutions and TCA analysis for asset managers, hedge funds, CTAs and banks.
Ralf Roth joined Quantitative Brokers IHS Markit, where he was Chief Technology Officer of Equities Division. Prior to IHS Markit, he served as Global Head of Elektron at Thomson Reuters and worked at Deutsche Bank as Global Head of Fixed Income Electronic Trading and Equity Electronic Trading businesses. CEO effective December 18th, Roth will be based in Quantitative Broker’s New York offices and will report to the Board of Directors, which he will join.
Christian Hauff, Co-Founder and outgoing CEO of Quantitative Brokers. “After a comprehensive search process, we are thrilled to appoint Ralf Roth as CEO. Ralf brings strong leadership and experience with machine learning and cloud computing that will help us scale and expand on the innovation that defines QB in the market. Ralf is very well placed to succeed me in the role of CEO and I look forward to assisting him in his efforts.”
Hauff will continue on as a member of QB’s Board and Executive Committee and will oversee the firm’s client and industry relationships.
Robert Almgren, co-founder, President, and Head of Research at Quantitative Brokers, said: “Ralf’s advanced mathematical training, technology knowledge and securities industry experience are the perfect complement to QB’s existing team. We look forward to his leadership to drive us forward.”
Ralf Roth, appointed CEO at Quantitative Brokers, commented on the appointment: “The firm’s focus on advanced algorithms and analytics have clearly helped its clients achieve better executions. QB’s TCA and pre-trade analytics will further empower its customers. I am honored to lead the exceptional group at QB into the next chapter of growth and expansion.”
Thomas Ascher is an industry veteran with over 30 years experience, having served in a range of roles, including President and CEO of pari-mutuel software firm Longitude LLC, Chief Strategy Officer at ISE, and Vice Chairman and Chairman of the Executive Committee at the CBOE, as well as serving on numerous industry boards, including the CBOE and Direct Edge Holdings.
Thomas Ascher, appointed Executive Chairman at Quantitative Brokers, commented: “The appointment of Ralf marks the next step in our plan and vision for QB’s growth. Our advances in trading strategies for futures and cash treasuries have driven more demand for QB’s products and services. Ralf provides the executive leadership the firm needs to meet this demand and build on QB’s culture of innovation.”