QuantGate Systems Inc. Corporate Update
New York, New York--(Newsfile Corp. - June 30, 2020) - QuantGate Systems Inc. (OTC Pink: QGSI) ("QGSI" or "the Company") is pleased to share the following:
During the last several months, the Company has significantly strengthened both its Management and Advisory teams as it is accelerating its transition away from a pure technology development company towards a revenue generating commercial enterprise. These changes may be viewed in detail by visiting QGSI's website but notable mentions are as follows:
Praveen P. Bandekar
Mr. Bandekar brings to QuantGate over two decades of experience in a banking career in the GCC and India which began at Citibank and was followed with private banking as well as senior management and leadership positions with Union National Bank (UAE), Bank of Bahrain and Kuwait, Al Ahli Bank of Kuwait, National Bank of Kuwait, ANZ Grindlays Bank (India), Deutsche Bank (India).
Praveen is a Consumer Banking Marketing professional with demonstrated expertise in turning around growing Consumer Banking businesses, establishing business units. He is an expert across Retail Banking, Marketing, Wealth Management, Private Banking, Strategy development and implementation, Retail and SME Credit Policy and adept in leading cross-functional teams in projects including merger & acquisition. His strengths in planning and analytics and evolving solutions will be a great asset to the company.
QuantGate considers itself privileged to be collaborating with Mr. Bandekar who in addition to his role on the Advisory Board, will be spearheading the deployment of the Company's products and services in the GCC and India.
Vlad has been appointed as QuantGate System's Chief Revenue Officer and Head of Institutional Sales. He manages all Sales and Distribution efforts and is responsible for the management of QuantGate's existing client base.
Prior to joining QuantGate Systems, Vlad held the position of Managing Director and Head of Electronic Trading Distribution and Sales Trading at Cantor Fitzgerald, a prominent mid-size Investment bank headquartered in New York City. Preceding his role at Cantor Fitzgerald, Vlad had a progressive career in Electronic Trading dating back to 2006, where he began his profession at Lehman Brothers. He then held Director positions with the Bank of America Merrill Lynch and UBS, respectively. Vlad also has experience working on the buy-side, as an HFT Execution Trader and Risk Manager. Furthermore, he worked as a Senior Trader and Portfolio Manager for an international family office.
Mr. Capozzo has joined QuantGates System Inc. as Managing Director/Trading. His responsibilities are providing leadership to the Company's newly created trading team.
This team, among other functions, will be working closely with the technology group in refining QGSI's proprietary trading tools and in the elaboration of new automated strategies. With his skills and those of his team he finds the path to move forward.
He brings with him over 35 years of experience in the Canadian Financial Services industry. He previously served as Managing Director, Canadian Equity Trading at Canaccord Genuity, Vice president Institutional trading at Yorkton Security and at National bank.
Entrepreneur responsible for launching several companies in Brazil in various sectors, from entertainment, education, artistic production, artist management and marketing, and advisor / investor in more than 100 technology startups in the Brazilian market, active in the financial markets as an active trader for more than 12 years. In the last 5 years Eric has dedicated himself to the launch of a new segment of proprietary trading in Brazil, being one of the founders of the largest company of this segment in Latin America as a publicly traded company at Brazilian Stock Exchange (B3), Atom S.A. (ATOM3 ticker), where he also served as a member of the board of directors, trainer, curator responsible for methodology and marketing. Participating daily as a communicator on the company's social media. After leaving Atom in 2019 he launched his own Venture Company to help new business development, new investors, asset managers and startups as a mentor and advisor.
Eric will be working with Leonardo Cardoso towards the development of the Company's activities in Brazil.
Mark has been deeply immersed in the derivatives trading world for nearly 30 years, leading some of the early innovation in FX and Interest Rate structured products and financial models, as a quantitative trader and structurer for top-tier international banks in London, Toronto and Tokyo. Based in Japan for the last 15 years, he has also taken leading roles at financial and crypto startups there, steering the platform localization and establishing the technical operations and governance needed to acquire trading licenses. With a keen interest in Fintech, and passionate about the decentralization of financial services and is excited to explore and promote new trading technologies in algorithmic and AI-base d trading, for both traditional products and new markets for crypto-assets and derivatives.
Mark, in addition to his role on the Advisory Board, will be spear-heading the Company's business development efforts in Japan.
Finally, effective today, the Company is pleased to welcome Ilan Yosef, the Company's COO to its Board of Directors where he is replacing Nicholas Policelli who has agreed to step down. Mr. Policelli is also resigning as President in order to pursue other interests; the Company wishes to thank him for his diligent work over the last few years during an important period where the company was reorganizing and readying itself for a commercial rollout of its suite of products. With the transition from a quasi pure R&D company to a commercial enterprise nearly completed, additional changes and nominations may be expected in the near future.
About QuantGate Systems Inc.
QuantGate Systems Inc. (OTC Pink: QGSI) (www.quantgatesystems.com) is a diversified fintech company that is engaged in the business of researching, developing and deploying proprietary artificial intelligence trading platforms. The company's unique approach, developed over 20 years of modeling and testing, utilizes radically innovative psychology-based models to quantify market participant sentiment and trader perception through real time analysis of market participant activities.
Since 2019, the Company has set on a new course with a clear objective to expand its suite of disruptive solutions through active development to retail and institutional trading channels.
"In a world of zero commission trading, there is no shortage of online brokerages available to clients wishing to interact with capital markets. Today, retail and institutional trading communities are facing a challenge. Individuals and institutions find it difficult to connect the dots and make timely investment decisions. Machines and algorithms have taken a great toll on human decision making significantly impacting their trading performance. According to recent market statistics, the average rate of failure for online retail traders is 76% across multiple trading platforms worldwide within 2 years of trading. Evidently, it isn't the platform that is necessarily the root cause in below average trader performance, but rather the complexity of the markets we are facing and our limited ability to comprehend changes to market conditions effectively. An increase of market participants coupled with highly intelligent algorithmic behaviour and automated trading, is just becoming too complex for average as well as professional trader comprehension. Our products leverage the algorithmic framework tested, built and automated over 20 years and empowers human decision-making to effectively and reliably interact with today's evolving financial markets." said Ilan Yosef, QuantGate's COO and Chief Technology Officer.
Ilan further elaborated that the Company's ambitious goals have been technologically and operationally aligned over the past 12 months for global distribution, with an integration centric approach with brokers, and a non-intrusive approach with end users (users do not need to leave their existing brokerage to trade with Pilot, which is QuantGate's mobile app for retail traders). "We are building a team of global experts with strong domain expertise in financial services and distribution to be able to penetrate multiple jurisdictions expeditiously and simultaneously. The alignment of the team is a step towards accelerating a stronger organisation" re-iterated Ilan.
Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as "may", "could", "anticipate", "believe", "estimate", "expect", "intend", "plan", and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by forward-looking statements.
QuantGate does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in QuantGate filings with the United States Securities and Exchange Commission.
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