September 10, 2018

Ideanomics taps co-CEO, senior execs

PHOTO | Contributed
PHOTO | Contributed
Ideanomics has named Brett McGonegal as co-CEO.

West Hartford-bound fintech Ideanomics announced Monday it hired a trio of senior executives, including a former investment banking executive as its co-CEO.

Ideanomics, which plans to create a $280 million innovation hub in West Hartford, said it appointed Brett McGonegal as its co-CEO effective Sept. 21. McGonegal will be based out of the fintech's headquarters in China and New York and lead the company alongside co-CEO and Chairman Bruno Wu.

He joins Ideanomics after serving as CEO of Hong Kong-based investment bank The Reorient Group, which was recently sold and is now called Yunfeng Financial Group Ltd. Prior to Reorient, McGonegal was co-head of equity sales and trading for financial services firm Cantor Fitzgerald.

Ideanomics also said it named Uwe Parpart as chief strategy officer, who will operate out of its offices in Hong Kong. Parpart is chairman of Asia Times Holdings, which owns the Asia Times newspaper in Hong Kong, and previously served as chief strategist and head of research at Reorient.

The company also appointed Evan Kalimtgis as chief investment officer and head of financial product development, who will work out of London and Hong Kong. Kalimtgis recently founded a portfolio group at JP Morgan's London-based information division.

The new appointees will focus on investor relations, building its offices in New York, Hong Kong and London, and managing its global capital markets of fixed income products enhanced by AI and blockchain technology, among other duties.

Ideanomics plans to build a tech hub for blockchain technology and artificial intelligence at UConn's former campus in West Hartford.

The project, which will become the fintech's headquarters for technology and innovation, will be supported by a $10 million state loan. The loan will be forgiven if the company meets its 330 job target.

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