Quantifeed expands into South East Asia with new office launch and key executive appointments in Singapore

SINGAPORE,July 31,2018 --Quantifeed,Asia's leading B2B robo-advice provider,today announced its Singapore office launch and the appointment of three key executives. These initiatives will support the company's growth in South East Asia.

(From left) Shadab Taiyabi,Eric Lee,Keith Tan

Eric Lee joins Quantifeed as Program Management Lead and Country Head of Singapore,reporting directly to Quantifeed's Chief Technology Officer and Co-Founder,Ross Milward. Eric has over 30 years of experience in the investment banking industry,with an extensive background in developing technology strategies and operations in global markets for equities and fixed income. Prior to his role at Quantifeed,Eric held several engineering leadership roles at Bank of America Merrill Lynch,based in Singapore and Hong Kong.

"We are excited to welcome Eric to the Quantifeed team," commented Ross Milward. "He brings a unique blend of strategic,technical and business experience to Quantifeed's executive team. His guidance will be instrumental as we leverage our quantitative and technology capabilities to enhance the wealth management platforms of financial institutions in the region."

"I am delighted to join Quantifeed as it continues to build out its technology offering and to strengthen its relationship with strategic partners," said Eric. "Following thirty years of experience in Asia-Pacific,I am particularly excited about the opportunity to help our clients scale their wealth management businesses."

Eric is joined by Shadab Taiyabi,Senior Executive for Strategic Partnerships,and Keith Tan,Senior Systems Engineer.

Shadab has over 13 years of experience in the financial services industry on sales and business development across Asia,including Singapore,Malaysia and Thailand. Prior to joining Quantifeed,Shadab was the Head of Business Development for eWise,a global account aggregation technology provider. Before that,he worked for Thomson Reuters,SIX Financial Information and Bloomberg.

Keith has over 11 years of experience as a professional services consultant implementing and supporting systems in the financial industry. He has implemented solutions in core banking,customer relationship management,capital markets and anti-money laundering domains.

The new appointments follow the company's recent completion of a Series B funding round for US$ 10 million with investments from Cathay Financial Holdings (TWSE: 2882),Taiwan's largest financial holding company,and Legg Mason Inc (NYSE: LM),the global asset manager.

About Quantifeed

Quantifeed's automated investment platform allows financial institutions to offer advisors and customers a digital wealth management experience under their own brand. Quantifeed's software and financial models provide banks,brokers and wealth planners with a configurable solution to suit their wealth management objectives. Firms can reach hundreds of thousands of consumers quickly and economically. The platform hosts portfolios of stocks,funds and other asset classes across all major global markets. Investing solutions can be based on risk assessment,life goals and thematic ideas. Quantifeed offers a library of portfolios for asset allocation,thematic investments and other trading strategies. The company was founded by former investment banking executives Alex Ypsilanti,CEO,and Ross Milward,CTO,in Hong Kong in 2013.

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