A former managing director at Deutsche Bank has joined artificial intelligence firm Almax Analytics as a strategic advisor.
Ralf Roth will support Almax Analytics from its New York office, advising on new technologies and business strategy.
Roth was most recently with Thomson Reuters as global head of its Elektron trading product, although has almost 20 years experience with Deutsche Bank.
He held several senior roles across fixed income, equities and prime brokerage as a managing director with the German Bank.
Almax Analytics uses artificial intelligence and natural language processing technology to process large amounts of news.
The firm said it helps, “asset managers strengthen their ability to generate alpha and manage risk, traders improve trading and market making capabilities and risk management and analysts are able to gather precise intelligence and to improve efficiency.”
Discussing his new appointment, Roth said: “What is even more exciting is the fact that Almax’s engine is not limited to news information or other financial data sets; it can be applied to a large variety of data universes within the context of big data processing.”