Redpoint appoints quant developer

Redpoint Investment Management has appointed Tao Chen as a quant developer. Chen will be responsible for Redpoint's data capture, processing, and maintenance.

Chen was most recently a software engineer with PwC Australia where he designed and implemented data-driven automation in auditing and accounting processes. He has also held software development roles with Services Australia (formerly the Department of Human Services) where he was involved in data and document migration projects.

"Tao's work with PwC and Services Australia is solid, and his experience and expertise mean he is well placed to take on this role with Redpoint," said Redpoint CEO Max Cappetta. He's joined by Nick Ying, who has joined the organisation as a portfolio trader.

"Nick and Tao both join Redpoint at an important time as we see growth potential due to increased investor interest across a range of our strategies including global listed infrastructure, our enhanced responsible investment solutions plus our retail-focused Tax Effective Australian Share Fund and Australian Industrials SMA strategy.

"Redpoint is also planning further product development in coming months, in response to market demand, and the expanded investment team will assist as the business grows its footprint in the market," said Cappetta.