Mijan Huq, former Executive Director of Quantitative Research at J.P. Morgan, joins as VP of Front Office Suite.
Sulhi Akmehmet, former CEO of CTRMCloud, joins as VP of Trading and Risk Management Systems.
NEW YORK, December 05, 2022 — Beacon Platform, Inc, the leading cloud-native platform for innovation in capital markets, asset management, and risk analytics, is strengthening its engineering leadership with two accomplished experts in quantitative analytics and trading and risk management applications. Mijan Huq joins as VP of Beacon’s Front Office Suite. Sulhi Akmehmet joins as VP of Beacon’s Trading and Risk Management Systems.
As Beacon Platform enhances its product offering and is embraced more deeply by existing customers, the product teams are being asked to solve new challenges for customers and broaden current functionality. As a result, the company needs accomplished professionals who are experts in their respective fields to lead the growing engineering teams.
Mr. Huq is leading the Front Office Suite engineering team, which includes the company’s underlying framework of financial models and analytics, reporting to Beacon’s CEO, Kirat Singh. Huq has more than 20 years of experience in quantitative research and development, building portfolio risk engines and frameworks across Credit and Market Risk. He comes to Beacon from J.P. Morgan, where he was most recently an Executive Director of Quantitative Research. Prior to J.P. Morgan, Mr. Huq was a Physicist at Penn State University and The University of Texas at Austin. He holds a B.Sc and Ph.D in Gravitational Physics, both from The University of Texas at Austin.
“Mijan has been building and leading teams of quant developers in investment banks for 20 years, and has a comprehensive understanding of the modeling and analytics needs of our customers’ quant teams,” said Alla Liberman, Beacon’s COO. “His insight into customer requirements and leadership of Beacon’s quantitative capabilities will accelerate our expansion of the financial tools that our customers are turning into business value.”
Mr. Akmehmet is leading the Trading and Risk Management Systems engineering team, also reporting to Kirat Singh. Akmehmet has more than 20 years of FinTech experience, building trading and risk management solutions for financial institutions as well as commodity and energy traders. He comes to Beacon from CTRMCloud, where he founded and led the company’s development of cloud-native commodity trading and risk management software-as-as-service. Prior to CTRMCloud, Mr. Akmehmet amassed two decades of experience in capital markets trading and risk management, most recently at Adenza, formerly known as Calypso Technology. He holds a B.Sc. in Electrical Engineering and an M.Sc. in Management Science and Engineering from Stanford University.
“Superior trading and risk management tools and solutions are imperative for staying competitive in financial services, and commodities in particular, and Sulhi has tremendous experience working with the evolving requirements in this space,“ said Beacon COO Alla Liberman. “His background leading product development and delivering market risk applications will ensure that Beacon Platform continues to meet and exceed the growing performance and scalability needs of these customers.”
“We are very excited to welcome Mijan and Sulhi to Beacon.” said Kirat Singh, Beacon’s CEO. “Market volatility, unexpected shocks, and rapidly changing regulations are increasing the demand for more powerful and flexible trading and risk management tools. Having great engineering leadership to align with our product strategy helps Beacon better understand the needs of traders, risk managers, and chief investment officers, and how to make their jobs easier.”
About Beacon Platform
Beacon Platform ushers in the future of financial markets with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. Its unique integrated development environment and web application framework make developing fintech applications faster and accessible to clients beyond the largest investment banks. Bringing decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform offers its clients the robustness of these powerful tools with an unprecedented new layer of flexibility and security. To learn more about Beacon’s next-generation platform for enterprise-scale analytics, trading, and risk management, visit at www.beacon.io.
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