Renowned financial technology leader to tap 30 years of industry experience to drive enterprise AI adoption in the financial markets and fintech sectors
Boston – June 25, 2019 – DataRobot, the leader in enterprise AI, today announced that it has named Rob Hegarty as General Manager of Financial Markets and Fintech. Drawing on his 30 years at the intersection of finance, technology, and data, Hegarty will be tasked with leading the expansion of DataRobot’s reach within the capital markets and fintech industries by empowering even more organizations to leverage machine learning and become AI-driven.
DataRobot enables financial markets and fintech organizations – including buy side (asset managers and owners, hedge funds), sell side (brokerage, capital markets, investment banks), trading, custody, and clearance/settlement – to build and deploy highly accurate machine learning models in a fraction of the time. Organizations such as PNC Bank, LendingTree, and Wellen Capital – and eight of the top 10 U.S. financial institutions – are able to increase revenue, improve efficiency and the client experience, and reduce risk by leveraging the power of the DataRobot platform.
“The financial markets and fintech industries are at a tipping point,” said Hegarty. “The emergence of automated AI and machine learning, when combined with the ever-increasing ubiquity of data, creates unprecedented opportunities for all financial markets participants to digitally transform their business. I’m excited to be joining DataRobot, which is playing a critical role at the leading edge of this transformation.”
Prior to joining DataRobot, Hegarty was Founder and Managing Partner of Hegarty Group, a strategic research, advisory, and consulting firm at the intersection of financial markets, technology, and data. During the course of his 30 years in the industry, he has held senior leadership positions at Thomson Reuters, the Depository Trust and Clearing Corporation (DTCC), TowerGroup, Putnam Investments, Fidelity Investments, and Coopers & Lybrand. A globally recognized thought leader in financial services technology, Hegarty holds an M.B.A. with a finance/marketing concentration from Babson College and a B.S. in computer science from Massachusetts College of Liberal Arts.
“Rob brings an unprecedented amount of industry knowledge and experience to our organization, and will be a critical asset as we look to take our presence in the financial markets and fintech industries to the next level,” said Seann Gardiner, SVP of Business Development, DataRobot. “The applications for AI in these sectors have massive ROI implications, particularly as organizations embrace machine learning operations and governance to recognize the true value of AI. We’re looking forward to working with Rob to identify even more opportunities for those organizations to capitalize on.”
DataRobot is the leader in enterprise AI and the category creator and leader in automated machine learning. Organizations worldwide use DataRobot to empower the teams they already have in place to rapidly build and deploy machine learning models and create advanced AI applications. With a library of hundreds of the most powerful open source machine learning algorithms, the DataRobot platform encapsulates every best practice and safeguard to accelerate and scale data science capabilities while maximizing transparency, accuracy, and collaboration.
By making data scientists more productive and enabling the democratization of data science, DataRobot helps organizations transform into AI-driven enterprises. With offices around the globe, DataRobot is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ. For more information, visit www.datarobot.com, and join the conversation on Twitter and LinkedIn.