LeverData, a leading financial technology company that provides data ingestion, validation, and ongoing management solutions for corporations and financial services firms, announced today that long-time hedge fund executive Mike DeAddio, formerly of WorldQuant, Citadel and MIT, as well as former Managing Director for GIC, Siew Kai Choy, have joined the firm’s Advisory Board.
Messrs DeAddio and Choy join LeverData amid accelerating client demand for the firm’s services, which solve long-standing industry shortfalls around proper data ingestion, validation, and managed services.
“Mike and Siew Kai’s collective expertise will be invaluable as we grow our customer base and global footprint,” said Anmol Bhandari, CEO of LeverData. “With an expanding range of clients across the investment and corporate landscape, we are ensuring that we have top executives in place to maintain our competitive edge. Mike and Siew Kai are distinctively qualified to serve in this capacity, and we warmly welcome them to the LeverData team.”
In their roles on the Advisory Board, Messrs DeAddio and Choy will oversee the continued growth and development of LeverData’s client base, as well as work directly with the senior management team on strategic initiatives.
“I am thrilled to join LeverData and help our clients improve their decision-making processes through the timely and accurate utilization of large quantities of data,” said Mr. DeAddio. “In a marketplace in which the signals derived from datasets play an outsized role in the success of the firm, LeverData has created a best-in-class service that is quickly gaining traction.”
Mr. Choy added: “We have seen the importance of data drastically increase in recent years. I am excited to work with Anmol and his team to offer a comprehensive solution that will improve the functionality of data teams and the decisions that result from being able to effectively conduct accurate analysis.”
Mr. Choy has over 30 years of experience in investment management, retiring from Singapore’s sovereign wealth fund, GIC Private Limited, after 20 years of service. He was a Managing Director of GIC and held key leadership positions in Equities, Risk & Performance Management, Enterprise Data & Analytics, Governance and GIC Innovation Labs. He was also a member of the Corporate Management Committee and Group Risk Committee.
Most recently, Mr. DeAddio oversaw the global day-to-day operations of WorldQuant, including the execution of strategic business and capital development initiatives. Prior to joining the firm in 2014, Mr. DeAddio was Chief Operating Officer at Credit Suisse Alternative Asset Management. Mr. DeAddio serves on the board of directors of BronxWorks and on the advisory board for the Massachusetts Institute of Technology (MIT) Institute for Data, Systems and Society.
LeverData is a New York City-based financial technology company that provides data ingestion, validation, and ongoing management solutions for corporations and financial services firms. Its proprietary platform offers ongoing data loading at scale and monitors data inputs from myriad vendors to ensure accuracy and alert clients of data failures in real-time. With LeverData, clients can rest assured that the data they rely on every day arrives error-free and on time.