ETF industry pioneer Matt Hougan has joined EquBot’s board of directors. EquBot specialises in combining deep financial analysis with the cognitive power of artificial intelligence (AI).
Hougan was instrumental in establishing ETF.com as a source for news and research focused on the world of ETFs. He joined the firm 2004, rising to become CEO and leading the company through its sale in 2015. He also helped launch and is today Chairman of Inside ETFs, an ETF education company.
“We could not be more excited to add someone of Matt’s caliber to our board,” says Chida Khatua, CEO and co-founder of EquBot. “Few people have as deep an understanding of the intersecting worlds of ETFs and emerging technology-driven approaches to portfolio construction, and we look forward to his insights and guidance as we continue to advance the use of AI-driven approaches across a range of investment platforms and products.”
EquBot’s technology is driven by its proprietary algorithms, which operate across multiple AI cognitive computing platforms. In asset management and portfolio construction, EquBot’s technology combines both fundamental and qualitative analysis while formulating new investment insights through the use of AI, utilizing massive amounts of data to build predictive financial models on more than 15,000 publicly traded companies in the US and in international developed markets.
“We’re still very early in the creation and adoption of AI-driven investment strategies, both in terms of the products being created and the disruptive forces that AI will unleash in other key areas, such as financial advice, wealth management and more,” says Hougan. “EquBot is already a clear leader in making AI not just accessible but in showing the utility it can bring to the markets. I’m thrilled to be joining their board of directors and look forward to working closely with the firm’s management on the next phase of their growth.”