Credit Suisse’s former global head of prime consulting has joined a New York-based hedge fund FinTech firm as its new CEO.
Jeremy Siegel has been appointed the chief executive of LUX Fund Technology and Solutions (LUX), where he will oversee the development and expansion of its flagship technology platform, Transcend.
Over his 24 years in the prime brokerage industry, Siegel has worked with over 500 hedge funds globally helping them grow their businesses through technology, operations and institutional systems.
His appointment will help it continue to build out data solutions for hedge fund managers.
“He [Siegel] 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,” said Alan Freudenstein, LUX board manager and portfolio manager of Credit Suisse Asset Management’s NEXT Investors.
Siegel was one of the victims of Credit Suisse’s recent job cuts to its US prime brokerage business, which also included Bon Leonard, global head of capital services, and Mike Wingertzahn, a managing director and member of its collateral and liquidity funding team.