The man who helped to automate Citi has resurfaced at a Hong Kong startup

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The man who helped to automate Citi has resurfaced at a Hong Kong startup

Endre Markos, who headed up electronic markets in Asia for Citi until 2016, has joined expanding Hong Kong fintech firm MioTech after a stint as an independent consultant. He will begin his new role as VP of strategy at MioTech, which runs AI-powered Asian market risk intelligence and portfolio management platforms, next week.

Markos joined Citi in 2010 and most notably helped spearhead its Execution to Custody (E2C) project, which automated the bank’s trade lifecycle. The “internal compliance process” was by far the biggest challenge that Markos faced when working on E2C, he told us. “It took a lot of time until the detailed articulation of the logic behind this service was recognised not to present any legal problem for the bank.”

In January 2017, Markos established a consultancy advising fintech and big data startups, a move which later put him in touch with MioTech co-founder and CEO Jason Tu, a young entrepreneur and Stanford MBA, who started his career at Standard Chartered. Markos says having “very inspiring conversations” with Tu helped him decide to join the fintech firm, which Tu founded with CTO Tao Liu in 2016.

MioTech’s current AI platforms include AMI (Advanced Market Intelligence), which delves into more than 10m company and people profiles to help financial institutions identify investment opportunities. The startup has attracted US$8m in funding to date, including from the ZhenFund in 2016, and from Horizons Ventures one year later.

Markos will not be the only senior hire that Miotech makes this year. There are 26 vacancies on its careers website, including a director of product and a director of financial data operations. Many of its technology vacancies – including for a machine learning software engineer – are based in its technology development centre in Shanghai.

New Miotech recruit Markos worked for Bloomberg between 1996 and 2010, latterly as the Hong Kong-based director of Asia Pacific data solutions. During his stint as head of APAC head of execution management (2004 to 2006), Markos launched and managed Bloomberg’s Execution Management System, which quickly became the dominant player for electronic orders in the region.

Photo by Markus Spiske on Unsplash

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