ClariFI Names Founder Gioel Molinari President and CEO.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- ClariFI[TM], a leading provider of software and services focused exclusively on quantitative portfolio management and research, announced today that Gioel Molinari has been appointed President and Chief Executive Officer of the company, in addition to his current responsibilities as Chief Technology Officer. Molinari is one of the founders of ClariFI and assumes his expanded responsibilities at a time of unprecedented growth for the company. He succeeds Brad Winney who stepped down to pursue other opportunities. William Guttman, a partner at TL Ventures and a ClariFI director, said: "We are delighted that Gioel has agreed to accept these added responsibilities, when the outlook for ClariFI has never been brighter." "We thank Brad for all his invaluable contributions over the past four years and wish him great success in his future endeavors," noted Guttman, adding that Winney would continue to serve ClariFI in an informal advisory role. Molinari has long been responsible for the company's technology vision, strategy and product development. He has extensive experience working at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of mathematics and computer science. He successfully developed leading-edge quantitative technologies to solve a number of challenging business problems, including the design and development of the Sengent Broker Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and Grid, an Internet "grid"-based quantitative modeling platform. Molinari holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Chemical Engineering from Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). . About ClariFI ClariFI[TM] provides software and services focused exclusively on helping quantitative portfolio managers and researchers decrease the time it takes to research, test and act on their alpha generating strategies, leading to greater operational efficiency, decreased time-to-market and a greater competitive advantage. Headquartered in Boca Raton, Fl, ClariFI counts four of the top five largest investment managers is the world, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" of all sizes and proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. desks at leading brokerage firms and banks as its clients. Additional information about ClariFI can be found at http://www.clarifi.com |
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