Arabesque AI appoints Carolina Minio Paluello as CEO

Rick Steves

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Arabesque AI has appointed Carolina Minio Paluello as Chief Executive Officer, to lead the roll-out of the company’s AI-powered portfolio management service.

The AI-powered portfolio management service is the second release from Arabesque, following the 2021 launch of ESG Book, one of the largest independent ESG data repositories.

Carolina Minio Paluello joins Arabesque AI from Schroders, where she oversaw product, solutions, and quant operations. Her career includes more than a decade at Goldman Sachs Asset Management, where she led quant strategy across client portfolios. She also led the integration of sustainability into product solutions at Lombard Odier.

The appointment awaits regulatory approval by the Financial Conduct Authority (FCA).

“Asset managers can integrate impact as well as risk and return into their strategies”

Dr. Carolina Minio Paluello, CEO at Arabesque AI, said: “Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios. Our combination of AI and quality impact data means that asset managers of any size can integrate impact as well as risk and return into their strategies, constructing active portfolios that reflect their clients’ preferences, whether retail, high-net-worth or institutional.”

Georg Kell, Chairman of Arabesque Group, said: “There is an annual funding gap of more than $3.7 trillion dollars preventing the effective fulfilment of the UN SDGs. By comparison, there is more than $150 trillion of global investment assets under management. Clearly, investors have a significant role to play. Arabesque AI is harnessing sustainability and technology to empower capital markets to drive finance towards solutions that will generate the impact required to meet the SDGs head on.”

Arabesque AI also hired Tim Wong as Chief Product Officer, joining from Finbourne Technology, where he oversaw product development for investment and portfolio management software. Tim Wong has more than a decade of experience in product management and strategy consulting at Amazon, Capco, McKinsey, and PwC.

Tim Wong, who joins Arabesque AI as chief product officer, said: “Personalised portfolios demand the integration of multiple new data dimensions, complex regulatory compliance requirements and tech expertise outside of the typical asset manager’s capabilities and resource. Arabesque AI solves these problems by combining market-leading ESG and impact data with deep learning to provide a simple, cloud-based solution that asset managers can use out of the box and integrate into any existing investment workflow.”

Arabesque AI helps asset managers address growing demand for ESG investing

Arabesque AI helps asset managers address growing client demand for thematic and impact-focused strategies coupled with the rapid growth and closer regulatory oversight of the ESG investment market.

The firm notes that producing the volume of strategies needed to meet these demands requires significant capital expenditure, headcount, and non-financial, technical capability.

Arabesque AI provides asset managers with a low-cost technology service to meet these challenges. Asset managers can integrate the service fully into their existing platforms via an API or construct active model portfolios managed via a daily data delivery.

Using deep learning and raw ESG and sustainability data for more than 30,000 companies from strategic partner ESG Book, Arabesque AI automates the complex and costly processes of integrating multiple financial and non-financial dimensions and preferences into portfolios.

The engine also ensures portfolios align with core regulatory requirements such as the EU’s Sustainable Finance Disclosure Regulation (SFDR), generating portfolios compliant with SFDR Article 8 and 9 labels as required.

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