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  • Eva Keogan
    Eva Keogan

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    Introducing AlgoMe

    AlgoMe is the innovative start up using intelligent technology to expedite and augment career development and job placement in the world of Asset Management, the wider Financial Services industry, and recruitment.

     

    What is it?

    AlgoMe is a web and mobile-based membership community of professionals. It is available in launch phase to the Asset Management community in the UK and Europe. Professionals will be able to create a free profile to access jobs across a number of sectors including Asset Management and Fintech; as well as direct questions to experienced professionals or match with mentors who have the knowledge to help them reach their career goals.

    HR managers and project leaders will be able to create a presence and share job opportunities within their organisations as well as search and discover the right person to match their requirements.

    Pre-register now and to keep up to date.

     

    The company in good company

    The company is founded by Rob Carter (formerly Aberdeen Asset Management) and Luuk Jacobs (previously at Aviva). Their deep knowledge and experience of the industry has given them the first-hand insight and awareness of the core issues and challenges they have set out to solve with AlgoMe.

    The AlgoMe team is based in the heart of London’s tech city and is on the doorstep of the Asset Management community. It has a group of highly experienced advisors drawn from HR, Financial Services, Law and Technology. There is a wider network of ‘beta tester’ executives who have road tested the website and technology and will remain part of the agile development strategy. The first wave of industry feedback has been hugely positive; businesses and professionals alike feel this solves many career and recruitment issues.

    The name AlgoMe (pronounced Al-go-mee) combines the abbreviated Algorithm “Algo”, with “Me” to embody  a ‘match’ using algorithms, with an emphasis the on the individual’s professionals needs through “Me”.

     

    The Vision

    AlgoMe sees itself as a platform that will soon prove itself as the new way of career and talent management. It expects to support the careers of thousands of professionals in the financial services industry, helping them find their next job opportunity, the connections, tools and services they need, and to keep growing professionally. Equally, AlgoMe believes companies will widely adopt this new platform to engage directly with the relevant professionals to find the right individual at the right time, in a matter of days or weeks instead of months.

     

    Making career mobility a reality

    The AlgoMe vision has another facet too. It aims to help professionals take charge of their career, helping them move towards their goals more quickly. Finding the right job or employee is important but so is career progression and personal development. Professionals are usually hired on the basis of their last job, but may risk not being able to continue their careers by changing employer. AlgoMe will provide professionals access to mentoring, coaching, training and volunteering opportunities. The AlgoMe ‘professional profile’ reflects what the individual is actively doing to manage their career. This has a positive benefit in giving companies more confidence in hiring professionals for their next career aspiration, rather than their last job.

    Moving Asset Management forward faster

    Like many business sectors, Asset Management has experienced rapid change in recent years. This means professionals need to upskill constantly in the face of new demands and companies need to find people with the right skillsets quickly to implement change.

    Current market conditions mean fees are tending downwards and there’s increasing complexity from new regulation coupled with the fast pace and adoption of technology. In such times of narrowing margins, access to the support, learning and knowledge individuals to develop may not necessarily exist. In parallel to this shortfall AlgoMe has identified, the recruitment industry is lagging behind as well, hindered by high fees, low transparency and inefficiencies from the heavy use of manual processes and duplication and redundancy within operating models. The knock-on effect is that the search for talent and the right people, with the right skills, available at the right time is vastly hindered.

     

    The Benefits and How it Works

    AlgoMe helps businesses and individuals become agile and unencumbered by these issues. Its intelligent network and matching service, using proprietary technology, has numerous benefits. It discretely matches people seeking access to career development knowledge and connections; allowing individuals to meet new people for mentoring or networking without having data in the public domain. As a result, personal development and career progression can now match the pace of the evolving industry. The major benefit of using AlgoMe to find personnel is the recruitment process is expedited and highly efficient due to the algorithms and quality matching. Businesses and professionals who have completed the registration process, are able to directly engage with relevant matches. It’s rather like a dating app in that you get to determine if the match is right for you before your data is shared.

    AlgoMe is currently in beta phase and will be launching fully in Spring 2017.



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  • Our picks

    • With Investment Management being increasingly impacted by the growth of FinTech, the industry needs to better understand how people feel about these changes. 
       
      We would appreciate you completing our short survey, and sharing it with your friends and colleagues. We will publish the results in the community in the near future.
       
      Share this       Share this  
       
       
      If you have any issues you can also complete the survey here
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    • So with all the discussion ongoing, it is difficult to keep track as to what the timelines are, so I thought that I would pull together an overview of it based on various articles in the media 
       
        • Like
    • In the Deloitte Millennial Report 2018, a clear step change was noted. It stated this particular generation is ‘feeling uneasy about the future. The growth of Industry 4.0 technologies—from robotics and the internet of things to artificial intelligence and cognitive—has altered the nature of work, while political upheavals challenge the established world order.’ 
       
      Against this daunting backdrop however there appears to be quite a clear resolution to these issues and this comes in the shape of mentoring. 
        • Like
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    • Here at AlgoMe we know that one of the best ways to grow our community is through the recommendations of our existing members.
       
      That's why we're offering members the opportunity to win an iPad by simply inviting your friends and colleagues to join the community*.
       
      To be eligible, use the inbuilt invite function, which you can find in the user-bar at the top of the site or app when signed in (), to send personalised invitation emails. When your invitee signs up using the unique link or invitation code they receive, they will appear under your list of successful invites and you will be in with a chance to win.
       
      Each successful invite gives you an additional chance to win.
       
      Please invite people who will be valuable members of the community and have an interest in or experience of Investment Management, Asset Management, FinTech or associated industries.
       
      If you are not already a member, you can register here for free and join in the competition.
       
      Good luck!


       
      iPad model may differ from the image shown
      *Entry is subject to the agreement of the full Terms & Conditions
        • Like
      • 0 replies
    • The Investment Association recently gave the industry a boost when it announced the launch of Velocity, its FinTech accelerator.  Designed to identify, develop and accelerate best in class firms with innovative solutions, Velocity will champion and facilitate the wider adoption of technology across the industry.
       
      And AlgoMe will be involved in this too, which is why I’m excited to announce we are now a member organisation of the Investment Association as an official FinTech member and have been named a "company to watch" by Velocity.
       
      Challenging Times
      The Investment Management industry faces major challenges and opportunities from forces such as digital technology, pressure on fees and increased regulation, while at the same time there are widespread changes in the workforce and their expectations.
       
      To date, Investment Management has both been fairly insulated from the challenges posed by agile FinTech competitors, but also distant from the opportunities offered by the new technologies and ways of thinking that such companies bring.
       
      Bringing FinTech closer
      Velocity is a fantastic step towards accelerating the adoption of FinTech. It has received support and endorsements from both inside and outside the industry, including from the Chancellor of the Exchequer, Phillip Hammond, who was enthusiastic about the initiative at a recent City event.
       
      To drive change and innovation, the industry needs to connect across different disciplines and areas of expertise, driving new ways of thinking and fostering cultural change.
       
      Without the benefit of emerging FinTechs and their external expertise, it will be hard for incumbents to harness the benefits of emerging technologies such as Straight Through deal Processing (STP), Distributed Ledger Technology (DLT), and Artificial Intelligence (AI) in areas such as risk and compliance, securities trading and investment decision making.
       
      Our Mission
      AlgoMe's mission is to connect the Investment Management industry and empower professionals to manage their careers. Our new product, AlgoMe Community, is placed to become the hub for the discussion between FinTechs and the companies and professionals in the wider Investment Management ecosystem.
       
      Join AlgoMe Community today
       
      AlgoMe Community - community.algome.com
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  • Categories

  • Related Content

    • Eva Keogan
      By Eva Keogan
      AlgoMe is pleased to announce that we are partnering with Cass Business School for a panel on the Impacts of FinTech to careers in Investment Management. The discussion will explore how the growth of FinTech within the Investment Management Industry will change the way of working for the next generation and what this means.
       

       
      Alongside regulation and pressure on fees, technology is the main factor that individuals looking to enter or progress careers in Investment Management in 2019 and beyond need to understand.
       
      Joining Rob Carter (CEO, AlgoMe) on the panel will be Ruben Lara, Chief Data Office of Standard Life Aberdeen, and Olivia Vinden, FinTech and Innovation Practice lead at Alpha FMC. Both Ruben and Olivia are also members of the Advisory Panel for Velocity, the FinTech accelerator of the Investment Association, which AlgoMe joined last year, and so have excellent insight into the way that FinTech is reshaping the Industry.
       
      Attendance is open to students and alumni of Cass, and we will be sharing highlights of the discussion with the AlgoMe community.
       
      During the event we will share some of the early findings from our FinTech, Investment Management and future careers Survey. If you have not already done so, there’s still time to be part of the report by spending a couple of minutes to share your own insights.
       
      If you have any questions that you would like to be put to the panel, please comment below, or send them to us via our other social media channels.
           twitter: @thisisalgome
           linkedin: algome
       
      Panelists
       
      Olivia Vinden
      Olivia leads the UK Fintech and Innovation practice at Alpha FMC, a leading consultancy to the asset and wealth management industry, where she advises on emerging technology and its impact on operating models. Olivia has over 10 years’ experience of large transformational change programmes within investment management and has implemented a number of solutions covering the front, middle and back office. Olivia holds the MIT Fintech Certificate and sits on the advisory panel of Velocity – the fintech accelerator from the Investment Association.
       
      Dr Ruben Lara
      Ruben is Chief Data Officer at Standard Life Aberdeen. Prior to joining Standard Life Aberdeen in 2016, Dr. Lara held senior positions at Vodafone, where he was Head of Big Data Analytics, and at Telefonica, where he was Head of Big Data Product Development and Innovation. Ruben started his career in financial services, working as a technology consultant specialised in data and analytics. Ruben holds a PhD in Artificial Intelligence, and has received the First National Award in Computer Science from the Spanish Ministry of Science and Education and sits on the advisory panel of Velocity.
       
      Rob Carter 
      Rob is co-founder of AlgoMe and is an experienced Front Office change consultant with a diverse skill-set built during almost 15 years working in Financial Services. Rob has worked across the complete project delivery lifecycle over a range of Investment Management and regulatory focussed initiatives; including leading investment integration work streams of mergers between a number of major asset managers. He was formerly Head of Fixed Income and Equities Platforms at Aberdeen Asset Management and is a CFA Charterholder.
       
      Moderator
       
      Luuk Jacobs
      Luuk is co-founder of AlgoMe and a multilingual Senior Executive with over 20 years’ experience working within Investment Management. Luuk has operated within a wide variety of roles covering business processes redesign, risk and control structures, strategy and change management, organisational restructuring and integration. Luuk has worked on major initiatives across Investment, Operations, Risk and Technology departments and has experience of all major asset classes, he was previously the Chief of Staff to the CEO of Aviva Investors. Luuk is a chartered account and alumni of Chicago Booth and IESE.
       
       
    • Andy Milner
      By Andy Milner
      AlgoMe, in partnership with Cass Business School, are pleased to announce a panel discussion on the impact of FinTech on the future of careers within the Investment Management industry.
       
      See below for further details and to submit questions for the panel.
       
       
      Please note that attendance is open to students and alumni of Cass.
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