Munich / London, 06 December 2017. Scalable Capital expands its management team by appointing Thiemo Krink, PhD, as Chief Investment Officer (CIO). The computer scientist joins Scalable Capital from Allianz Global Investors, where he was the European Head of Portfolio Risk and most recently worked as a portfolio manager for multi-asset, alternative and insurance strategies. Prior to joining Allianz SE, he was an Associate Professor of Computer Science at Aarhus University in Denmark.
"Thiemo Krink’s profile is a perfect match to what we were looking for. He brings with him a wealth of experience in investment and risk management, a technical and interdisciplinary background as well as a real passion for software development, all of which will help us to further accelerate our growth in the fast-paced financial technology sector", said Adam French, co-founder and CEO of Scalable Capital.
Krink will focus on the continuous refinement of the quantitative and algorithm-based investment approach of the digital wealth manager, working closely with the mastermind behind the firm’s proprietary risk management technology, co-founder and scientific adviser Professor Stefan Mittnik, as well as the rest of the management team.
"Scalable Capital has developed an investment solution which gives private investors access to an excellent risk management technology. This type of solution was previously only available to a few large institutional investors. That impressed me. I look forward to working with the team and, in particular, to applying my knowledge of machine learning", said Thiemo Krink.
About Thiemo Krink
Thiemo Krink has worked for Allianz SE since 2006, most recently as Portfolio Manager (multi-asset, alternatives and insurance) at Allianz Global Investors. He has managed and developed multi-billion dollar liquid alternatives and hedging strategies for Allianz and third party clients in Europe.
Prior to working in portfolio management, Thiemo Krink was the firm’s European Head of Portfolio Risk. During his tenure at Allianz Investment Management SE in the U.S. he also led a global project to develop a derivatives hedging platform to hedge risk exposure for life insurance products. Before that, he worked for Allianz as an investment manager in Munich and Milan and implemented a system for strategic portfolio optimisation.
Prior to joining Allianz, he was Associate Professor of Computer Science at Aarhus University in Denmark. As an expert in optimisation (evolutionary algorithms) and data mining, he has published more than 40 scientific papers. His focus was on applied research in bioinformatics, electrical engineering and finance.
About Scalable Capital
With assets under management of over 500 million euros, Scalable Capital is one of the leading and fastest-growing digital investment managers in Europe. Since its launch in Germany in February 2016 and in the UK in July 2016, it has established a leading proposition with strong demand not just from private investors, but also from financial institutions and corporates.
The company currently employs a team of 70, many of them experts in financial econometrics and machine learning as well as software engineering. Scalable Capital creates and manages globally diversified ETF portfolios for its clients to help them achieve their long-term financial goals, supported by a proprietary risk management technology. It aims to make investment management cheaper, better and more accessible.
In June 2017, leading investment manager BlackRock took a significant minority equity stake in Scalable Capital. In addition, the company cooperates with Siemens Private Finance and ING-DiBa in Germany.
Scalable Capital Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, while Scalable Capital Vermögensverwaltung GmbH is regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany.