City Financial COO Talks Tech Plans for UK Asset Manager

Lou Thorne, the firm’s newly appointed global COO, discusses his ideas for building out the tech side of the firm.

Lou Thorne, City Financial

Lou Thorne was only named global COO at City Financial last week, but he already has big plans for what he wants to do at the London-based asset manager.

Thorne comes to City Financial from Fortress Investment Group, a New York-based asset manager with $70.1 billion in assets under management where he served as the global COO of the firm's liquid markets hedge fund business.

He tells WatersTechnology he first became acquainted with City Financial while the firm was acquiring Fortress' volatility

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SEC squares off with broker-dealers over data analytics usage

The Gensler administration has ruffled feathers in the broker-dealer community with a new proposal seeking to limit their use of predictive data analytics. But at the heart of this deal is something far more seismic: one of the first attempts by the SEC to regulate AI.

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