Point72 said goodbye to the chief data scientist it hired from J.P. Morgan
Another ex-J.P. Morgan artificial intelligence professional has left the role he took after leaving the bank: David Loaiza is no longer the chief data scientist at Point72.
It's not exactly clear when Loazia left Point72, but the $12bn hedge fund confirmed his exit. Loazia himself didn't respond to a request to comment.
Loazia arrived at Point72 in New York in May 2016. He previously spent nine years at J.P. Morgan, latterly as chief data scientist for compliance analytics.
At Point72, Loazia was in charge of the controversially-named Aperio big data research team. The team, which was born in 2013, was originally led by Michael Recce, a former information systems professor. However, Recce left after only 15 months after struggling to produce rapid results or explain the team's methodology to Point72's portfolio managers. Loazia, who has a PhD in nuclear engineering and an MBA from the University of New Mexico, was brought in to replace him.
It's not clear what Loazia's exit means for the Aperio initiative at Point72. The fund also has a machine learning unit run by Matthew Granade, a managing director and head of market intelligence at the firm. One employee suggests that Aperio has been dissolved into Granade's big data group. If this is true, Aperio's disappearance is likely related to the fact that Point72 was sued in April by another company called Aperio, which said it was sowing confusion among its customers.
Loazia isn't the only ex-J.P. Morgan AI professional to move on recently. Afsheen Afshar, the former head of data science at J.P. Morgan's corporate and investment bank, also left private equity fund Cerberus Capital Management last month.
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