SEOUL, South Korea–(BUSINESS WIRE)–AI-enabled fintech company Qraft Technologies (“Qraft”) announced that Robert Nestor, CFA, will join the firm as a Global Senior Advisor. Nestor brings over 30 years of industry experience and will guide the Qraft team in matters related to business strategy and product development.
Nestor has served in a variety of senior leadership roles in asset management over his career most recently as president and head of Direxion ETFs. Prior to that role, Nestor was Head of iShares Factor ETFs at BlackRock. He has also held executive roles leading product, marketing, and enterprise strategy at asset management giants BlackRock and Vanguard. Nestor received his Bachelor of Science in economics from the University of Delaware and his MBA from Drexel University.
“I’m thrilled to be embarking on this new specialized endeavor with the Qraft team,” remarks Nestor. “Qraft sits at a crossroads of several industry developments that will pave the way for lasting change, including artificial intelligence. I see these technologies as a driving force for asset management and thoughtful risk management that will become increasingly applicable as markets become more volatile. I look forward to drawing on my experience and skill to help guide the Qraft team to reach investors far and wide with their rare value proposition.”
“We feel privileged to welcome Rob aboard Qraft Technologies,” says Marcus Kim, Founder and Chief Executive Officer for Qraft Technologies. “His experience of 30 years, most recently as President of Direxion and head of Factor ETFs at BlackRock, will be no doubt an asset in any of our endeavors and will allow us to exponentially grow our presence in the US & globally. He will help us meet our challenge in becoming a global fintech company.”
Qraft Technologies provides AI-pushed financial technology tools, including an asset allocation form, to institutions and advisors alike. Qraft also provides AI-powered active indexing solutions in the form of, Qraft AI ETFs, which consists of four AI-managed funds — AMOM, NVQ, HDIV and QRFT listed on NYSE Arca. Each employs its own strategy in an effort to unprotected to alpha1 and navigate changing market conditions. The funds all rely on AI technology to quantify great amounts of data, rebalancing holdings monthly or quarterly. Nestor will chiefly focus on helping grow the adoption of Qraft’s artificial intelligence in the financial industry.
Nestor’s role is new for the Qraft team and represents the firm’s company-wide globalization initiative. Qraft is actively working to expand beyond its South Korean headquarters and diversify its clientele. The firm opened an office in Hong Kong in January and plans to expand physically within the United States.
“Our proprietary AI technologies are pushed by quantitative data, allowing our strategies to cross between the boundaries that exist between global investors,” says Francis Oh, Managing Director of Qraft AI ETFs. “As we aim to build out relationships within the U.S. and around the world, Robert’s breadth of connections and experience will be a valuable asset. His expert insight will permit us to further grow as we seek to expand AI-pushed solutions to a global financial market.”
About Qraft Technologies
Qraft Technologies, Inc. is on a mission to original the inefficiencies of today’s asset management firms. From data processing to alpha research and order execution, Qraft has had a long track record of developing inventive AI solutions that have been adopted by major financial institutions and turned into successful AI products and sets, including the world’s first AI-pushed global equity ETF and Korea’s largest robo-advisor service.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-855-973-7880 or visit our website at www.qraftaietf.com. Read the prospectus or summary prospectus carefully before investing.
The Funds are distributed by Foreside Fund sets, LLC
Investing involves risk, including loss of principal. The Funds are unprotected to numerous risks including but not limited to: Equity Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading Risk. The Funds rely heavily on a proprietary artificial intelligence selection form in addition as data and information supplied by third parties that are utilized by such form. To the extent the form does not perform as designed or as intended, the Fund’s strategy may not be successfully implemented, and the Funds may lose value. Additionally, the funds are non-diversified, which method that they may invest more of their assets in the securities of a single issuer or a smaller number of issuers than if they were a diversified fund. As a consequence, each Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. A new or smaller fund’s performance may not represent how the fund is expected to or may perform in the long term if and when it becomes larger and has fully implemented its investment strategies. Read the prospectus for additional details regarding risks.
1 Alpha is a measure of the active return on an investment, the performance of that investment compared with a appropriate market index.
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