Two Sigma, a technology-driven hedge fund hired Dr. Alfred Spector, a former senior executive at Google to serve as its Chief Technology Officer and Head of the Engineering Organization.
According to the hedge fund manager, Dr. Spector will lead its technology strategy. He will focus on driving innovation to optimize its investment platform and overall capabilities.
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In a statement, Two Sigma Co-Chairman David Siegel said, “Alfred’s unique skills and experience in the areas of engineering, research, and strategy are ideally suited to our company at this stage in our development. We are confident that he will help us continue to innovate for the benefit of our investors.”
Dr. Spector retired from Google early this year. He served the technology giant as Vice President of Research and Special Initiatives. During his tenure at Google, he was also responsible for the company’s open source initiatives, university relations, internationalization, and many education programs.
He also served as executive engineering lead for Google.org, which applies the company’s strengths in information and technology to develop products and advocates for policies that address global challenges.
Prior to his career at Google, Dr. Spector held various senior level positions at International Business Machines including Vice President of Strategy and Technology for IBM Software and Vice President of Services and Software.
Dr. Spector received his Ph.D. in Computer Science from Stanford University and Bachelor’s Degree in Applied Mathematics from Harvard University. He is an active member of the National Academy of Engineering and the American Academy of Arts and Sciences.
Two Sigma has unmatched ability to apply technology
According to Dr. Spector, “Technology has an exceptional and growing impact in nearly every sector over the last twenty years. When it comes to investment management, Two Sigma has an unmatched ability to apply technology for beneficial innovation.”
He is excited to work with the hedge fund’s team of talented professionals to help advance the use of technology to discover value in data.
Two Sigma was established in 2011. The hedge fund currently has $28 billion of assets under management (AUM). It has offices in New York, Hong Kong, Houston, and London.