Boston, MA (PRWEB) August 12, 2015
Elsen, Inc., the Boston-based financial analytics platform company, has announced that Jack Klinck has joined Elsen’s Board of Advisors.
Jack is a veteran of the financial industry and a financial technology innovator in his own right. Most recently, he was the Executive Vice President and Management Committee member at State Street Corporation where he launched two new business lines, Alternative Investment Solutions - a leading servicing platform for hedge, private equity and real estate funds - and Global Exchange - a data and analytics platform for institutional investors. Previously, Jack served as Vice Chairman of BNY Mellon.
Commenting on his decision to join Elsen’s Board of Advisors, Jack noted “I am excited to work with Elsen, which is at the forefront of the fintech revolution sweeping the industry. The team at Elsen is extremely talented and driven. Elsen’s novel approach to use High Performance Computing tools will enable financial institutions to unlock the value hidden in their data silos and create more value for themselves and their clients by analyzing data quickly and cheaply, in ways that were not computationally feasible before. This should lead to better decision making, both in the generation of investment returns and in the management of risks.”
For Elsen, Jack’s appointment to its Board of Advisors is a significant one. Commenting on the relationship, Elsen CEO and co-founder, Zac Sheffer, observed “Jack brings a wealth of knowledge and experience to Elsen. He will be extremely valuable in guiding our Professional Consulting Services Group where we help large financial institutions leverage our expertise in high performance computing tools like GPUs to either generate more revenue from data analytics or save costs on current processes running on expensive, inefficient legacy systems. Jack will also be instrumental in advising our product development team as we roll out an institutional application for quant-oriented portfolio managers.”
Elsen is a financial analytics platform company offering a High Performance Computing platform to hedge funds, banks, custodians, fund administrators, and others who need to run financial models and analytics faster and more efficiently. Elsen enables accelerated processing of complex time-series financial calculations via secure cloud or private infrastructures. Elsen is currently in the process of launching its GUI-driven Alpha Factor Model Research and Backtesting platform for quantitative Portfolio Managers and research analysts that drastically reduces the iteration time of testing new ideas from days or weeks to tens of minutes.