Alternative investment platform CAIS hires Kan Kotecha as CTO
US-based alternative investment platform CAIS has hired former Morgan Stanley director Kan Kotecha as its new CTO.
CAIS hires Kan Kotecha as new CTO
Kotecha has been tasked with leading the platform’s engineering team with a focus on “building a unified operating system that will provide scale and simplification to the entire alternative investment lifecycle”.
The fintech, which tipped into unicorn status with a $225 million raise in 2022, operates an open marketplace for alternative investments, particularly private equity and debt, real estate, infrastructure, hedge funds and structured notes. Purchases are centralised through the platform, where advisors can also receive assistance with creating customised fund vehicles.
Headquartered in New York, CAIS claims to have facilitated over $35 billion in transaction volume for more than 34,000 independent advisors since launching in 2009.
In view of this remit, the fintech says its latest hire will act as “a key thought leader” for the independent wealth management community, which is currently experiencing “a seismic shift driven by AI and other cutting-edge technologies that may exponentially enhance the alternative investment user experience”.
Kotecha joins CAIS directly from Gale Healthcare, where he has served the CTO position since 2022. Prior to this, he held leadership roles within Google’s corporate engineering division, and served as CTO of wealth management at Morgan Stanley.
With a new CTO secured, CAIS CEO Matt Brown says the fintech is now “uniquely positioned to further expand and enhance our vision to create the most connected alternative investment operating system across the pre-trade, trade and post-trade lifecycle”.
The hire complements the fintech’s previous appointment of Chris Zuczek, a former product management VP for BNY Mellon, to chief product officer in December last year.
