eTech Money Appoints Steven Tye as new CEO

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eTech Money, developer of the InvestorPort™ (Investorport.com), a patented system allowing investors to effectively manage their risk-adjusted returns, announced the appointment of Steven Tye as its new Chief Executive Officer.

eTech Money, developer of the InvestorPort™ (Investorport.com), a patented system allowing investors to effectively manage their risk-adjusted returns, announced the appointment of Steven Tye as its new Chief Executive Officer.

Mr. Tye brings over 30 years of experience in the fields of financial analysis, risk underwriting, business management and online operating experience. He served as a Managing Director at Salomon Brothers International and Chase Manhattan Bank, overseeing risk trading and underwriting functions. Mr. Tye was also Chairman and Co-Founder of online finance one of the first financial companies to take advantage of the communication characteristics of the Internet. Online finance was sold to General Motors Acceptance Corp. in 1997. Steven also has significant management and advisory experience with a number of other online developmental stage companies and currently serves on the boards of Modenus.Com and ePsychToday.com.

Mr. Tye said “I'm very much looking forward to leading eTech Money into the next stage of development. Our unique risk management and investment features provide a great platform to use my experience in finance and Internet start-ups to bring to market what promises to be a revolutionary opportunity for retail investors on a world-wide scale.”

Joe Puentes, eTech Money's Founder and Chairman, commented “Steven’s leadership, strategic vision and depth of experience in the finance industry will be a great asset to eTech Money. His appointment as CEO will allow the company to gain the most from his background and areas of expertise”

About eTech Money

eTech Money, through its InvestorPort™, is bringing an exciting and effective online service to the investment community on a global scale. In the same way that Match.com matches people for relationships, or eBay matches buyers and sellers, the InvestorPort™ intelligently matches investors with expert traders according to specific risk/reward criteria via Member Profiles. Investors are able to enjoy the same results as proven, verified high-performance traders. A patented, unique Risk-Transfer component is also integrated, specifically designed for the retail investment market and never before available on that scale. Investors control risk and benefit from the expertise of high performance traders. Traders benefit by leveraging their talents. It's a win-win, and there's nothing else like it on the market.

The InvestorPort's unique features clearly set it apart from the competition. Online competitors do not offer the same precision of risk control, an element which is of prime importance to investors. Indirect competitors such as banks do not offer the return potential and risk management flexibility available through the InvestorPort™.

The InvestorPort's matching engine and methodology is patent-pending. Matching of investors and traders is conducted utilizing proprietary algorithms. The most unique feature is that of risk-transfer—for the first time geared to the average investor. No other investment portal or remotely similar vehicle offers this opportunity to investors on a retail level.

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Joe Puentes
@etech_money
since: 10/2010
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