Markov Processes International (MPI), a fintech provider of tools and services for analysing investment performance and risk, has appointed Bijan Foroodian (pictured) as managing director of EMEA.
Based out of London, he will be responsible for MPI's overall business and client relationships across EMEA.
Foroodian has over 20 years’ experience in the global fund industry with specific focus in the UK, Japan and the US. Prior to MPI, he was chief investment officer for Inflection Point Capital Management and, before that, Innovest Strategic Value Advisors acting as chief investment officer and managing director. In those capacities, he was instrumental in developing equity valuation models which synthesized traditional fundamental and quantitative inputs with sustainability factors. He was also responsible for the design, construction, and day to day management of a number of investment products and strategies in which Innovest served as sub-adviser to partners including SSgA, UBS and ING.
Before joining Innovest, Foroodian worked at Dresdner Kleinwort Wasserstein as vice-president of quantitative research, in both London and Tokyo. He previously served as an analyst in the quantitative group at Barclays Global Investors, in San Francisco, as well as serving as head of portfolio analytics at MacKenzie Financial, a member of Investors Group in Canada. More recently, Foroodian worked in the private equity sector with a focus on financial services.
Foroodian says: “I look forward to bringing my background in the asset management industry to help with MPI’s continuing efforts to develop new, innovative products and services for our clients.”
Michael Markov, CEO and co-founder, says: “We are proud to bring Foroodian on board. His addition to the team is central to our growth and development plans for the EMEA market, but also our deep commitment to providing our clients with the finest support and assistance in meeting their goals. We believe that his knowledge and experience will be of great benefit to MPI and its customers.”