Cani Financial Advisors, a Florida-based provider of quantitative trading technology and alternative asset management, has appointed Daniel Lyle as director of sales and marketing, based in New York and responsible for creating and maintaining new client relationships.

Lyle has more than 10 years of experience in sales and client relationship management, having previously been director of sales and marketing in North America for the Beauchamp Hedge Fund Solutions division of Linedata Services.

From 2001 to 2006 he oversaw electronic trading and investment product technologies at Bank of America, and he has been active in technology consulting and risk management with PricewaterhouseCoopers.

'CFA's business is growing rapidly, and the appointment of a dedicated sales and marketing director for our alternative asset management business will ensure we continue our explosive growth,' says Cani managing director Scott Raybin.

Chief investment officer Fred Smilek adds: 'Dan brings a unique skill set and a great talent profile to our organisation. He's a proven leader in the industry with his knowledge and experience in banking, trading technology, hedge funds and risk management.'

Based in Fort Lauderdale, Cani Financial Advisors uses the founder's proprietary ReconTrader technology in its quantitative hedge funds and advisory services, providing provide a alternative investment products and solutions to qualified private and institutional investors. The CFA Recon Alpha fund series seek to achieve superior non-correlated risk-adjusted returns while retaining a primary focus on capital preservation.