Michael Chin starts as CEO of Duco after selling Broadway to Bloomberg

Rick Steves

“I’m excited to be given the opportunity to take the lead at Duco, which is very strongly positioned at the intersection of data, automation, and AI, all major growth areas particularly in Financial Services and Insurance.”

Michael Chin has been appointed as the new CEO of Duco, a leading SaaS provider of AI-powered data automation, effective January 23. He takes over from Christian Nentwich, who led the company for over 10 years.

This transition follows Duco’s consistent growth, particularly since its acquisition by Nordic Capital in 2021.

Michael Chin sold Broadway to Bloomberg

Chin is recognized for his expertise in scaling fintech companies, enhancing product capabilities, and growing enterprise value. His background includes significant experience in data management and delivering corporate and trading solutions. Chin was CEO of Broadway Technology, which Bloomberg LP acquired in 2023.

The fusion of Bloomberg’s Electronic Trade Order Management Solutions (ETOMS) with Broadway’s rapid execution management tool was aimed at redefining low-latency order and execution management in the credit and rates markets.

The fixed-income electronic trading domain is in a continuous evolution, with a marked shift towards digitized workflows. As market participants vie for cutting-edge, scalable solutions to maintain their competitive edge, the combined might of Bloomberg and Broadway is set to provide them with pioneering, low-latency multi-asset technologies.

The combined entity aims to offer expanded asset coverage, improved connectivity, seamless integration across pre-and post-trade operations, and automation.

“Duco’s future is bright”

Michael Chin, new CEO of Duco, said: “I’m excited to be given the opportunity to take the lead at Duco, which is very strongly positioned at the intersection of data, automation, and AI, all major growth areas particularly in Financial Services and Insurance. With strong backing from Nordic Capital, a great team, a well-liked platform, first-class products and a stellar customer base, Duco’s future is bright. I am looking forward to seeing the company reach its full potential.”

Christian Nentwich, Founder of Duco, member of the Board of Directors, and departing CEO, said: “It has been a huge privilege to lead Duco from the first few lines of code to becoming a global, mission-critical company with a great brand. Ten years on, I am very happy that we have found, in Michael, an experienced operator to take us to the next level. I’m looking forward to focusing on the next set of ideas that can transform our product offering and further support our customers.”

Uwe Weiss, Chairman of the Board of Duco, commented: “The Board of Directors would like to welcome Michael as the new CEO. We are delighted to have found a successor to Christian with such an excellent track record and experience which will be highly valuable for Duco’s continued development. At the same time, we would like to thank Christian for his contribution and relentless devotion as CEO for more than a decade, and we are pleased to have him continuing to support Duco as a board member.”

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