CTO (Chief Technology Officer)
BFAM Partners, Hong Kong
Job Description
BFAM Partners
BFAM Partners combines deep Asian market experience with excellent financial expertise and leading-edge technology to generate absolute returns. We manage capital for both pre-eminent global and local institutional investors. The investment strategy captures opportunities in Credit, Equity, Rates and Volatility. Founded in 2012 by Benjamin Fuchs, the team has grown to over 80 people headquartered in Hong Kong, with an office in New York.
BFAM Partners’ research affiliate, Shell Street Labs, focuses on providing software and data solutions to an array of problems that arise in complex trading strategies. Its team of scientists use advanced methods in Artificial Intelligence and mathematics applied to Big Data.
Benjamin A. Fuchs, CEO/CIO, has run the group since 2007 and has 25+ years’ experience in Asian markets. The Asian Opportunities Fund (AOF) is composed of Credit, Equity, Rates, and Volatility strategies with dynamic capital allocation amongst strategies and a focus on Asian investments, while capitalizing on compelling global opportunities with returns driven by short term tactical trading and medium term positioning. Benjamin Fuchs and his teams have produced 15% net compound returns since April 2009. BFAM Partners current AUM is at about US$5b and has ambitions to grow organically to US$10b in the medium term
BFAM Partners is headquartered in Hong Kong with a trading office in New York
Please note: This job posting is for direct applications only
BFAM Technology
BFAM Partners Technology function consists of 20 technologists across various disciplines namely, Investment Tech (known as ‘Strats’), Non-Investment Tech (known as ‘Cross-Asset’), Data Engineering, Trading Tech (Algo Development) and Infrastructure support (known as ‘RTB or Run The Bank’).
Technology is the backbone of the organisation providing high touch, across the spectrum services to enable strong financial and institutional outcomes. Our Tech innovations and strengths have helped us weather various storms including the HK protests and the pandemic and make sure we are equipped with the right tools and automation to not just keep BAU but make sizable returns during this time.
The Tech team has grown exponentially from 3 in 2017 to its current size with talent mostly drawn from banks and financial institutions.
BFAM People amp; Culture
BFAM’s business and stated ambition requires qualified employees at all levels of the organisation, as well as dedicated and highly professional leaders with a strategic and international mind-set who know the business and can seize opportunities and respond to challenges. There are three key metrics: drive a performance culture through the organisation; recruit and retain talent and continuously develop the capabilities of employees; instil a leadership culture based on transparency, teamwork and respect. BFAM’s diverse talent comes from top universities globally with employees from 23 countries across Asia, Africa, Europe and North America. Collectively, we speak 20 different languages.
The organisational culture is best described as Collaborative and Transparent, where the CIO is a player/coach managing a team of investment entrepreneurs responsible for their performance. The whole organisation works as one team driven to get the best returns for our investors in a high quality and consistent way. BFAM People work every day to make sure they are entrepreneurial, sharing information, learning continuously and staying focussed on what is important.
BFAM Partners believes in being a learning organisation and invests heavily in employee development including team workshops, executive coaching and recruiting top university talents into its Junior Trader and Junior Developer programmes.
Background to and Primary Objective of the Role
This is a new position. Its strategic purpose is to lead technology strategy of the BFAM Partners to realise its stated purpose of being in the global top quartile of hedge funds in its category. The rapid growth of BFAM Partners AUM over the past 3 years has lead to significant expansion of its trading activities, investment strategy breadth and depth, and in its reliance on top tier technology to support this growth and expansion. The significant increase in team strength on the back of BFAM’s strong employer brand is successful in extremely competitive market conditions. The tech function has made huge strides in building the tech stack, supporting various stakeholders through constant evolution of its strategy and structure to enable business success.
The challenge now is to assess BFAM’s entire technology strategy with fresh eyes and lead a new vision for the next 5 years as we embark upon our journey to $10b. Embedding long term, scalable and stable t