AlphaTrAI, a San Diego-based technology solutions provider for the wealth and asset management industry, announced last week that financial services executive John Sweeney has been named the firm’s President. Sweeney brings over three decades of experience to the AI-enabled service provider for the wealth and asset management industries.
Sweeney will report to AlphaTrAI CEO and Chairman Bill Dwyer, an industry veteran and long-time executive with several large firms, including LPL Financial.
“John’s deep expertise in technology, broad competencies in the wealth management space and understanding of the challenges and opportunities of entrepreneurship and consulting make him the perfect addition to our team,” said Dwyer.
He continued, “From start-ups to industry stalwarts, he has made his mark, helping to drive the design, development and distribution of many of the world’s largest and most successful asset management and wealth management platforms. John’s a business builder who not only stays ahead of the curve but who can see around corners to maximize outcomes.”
John’s a business builder who not only stays ahead of the curve but who can see around corners to maximize outcomes.
Bill Dwyer, AlphaTrAI CEO and Chairman
Sweeney’s professional experience spans both traditional institutions and emerging fintech providers, according to the company’s release. He founded and served as Managing Partner of Momentum Capital Partners, a consultancy to global financial services firms, fintech startups and private equity firms.
Before that, he was COO of Osprey Funds, an investment manager that built tradable investment products on top of digital assets and non-fungible tokens and Head of Wealth and Asset Management at Figure Technologies, a fintech firm building business-to-consumer financial products on top of a business-to-business blockchain called Provenance.
Earlier in his career, Sweeney served at Fidelity Investments, where he led teams that built the firm’s first ETF, first retail separately managed account (SMA) and first unified managed account (UMA).
Additionally, Sweeney has testified before the U.S. Senate Finance Committee and the Department of Labor, was elected Chairman of the Board of Governors of the Money Management Institute (MMI) and co-founded the Blockchain Finance Forum, a public MMI community that brings together blockchain innovators and the financial services industry, according to AlphaTrAI’s release.
“I’ve enjoyed a dynamic professional career that has incorporated emerging technologies to drive better customer experiences, operational efficiencies and investment outcomes,” said Sweeney. “I’ve been watching Bill and his team at AlphaTrAI do extraordinary things at the intersection of AI and financial services. To find myself leading this team of brilliant scientists, innovative technicians and business visionaries is truly energizing. We’re breaking ground, pushing barriers and embarking on a new frontier in the financial services space.”
James Miller, Contributing Editor & Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
