Who's Moving Where In Wealth Management? – Turing Technology

Editorial Staff

1 May 2023

Turing Technology
US-based Turing Technology Associates, an AI-driven financial technology and intellectual property company, has appointed Robert D Nestor as senior managing director and chief commercialization officer.

Nestor, who will be the first non-founder to join the firm's executive ranks since Turing’s founding in 2016, will be responsible for accelerating Turing’s revenue and profit growth, touching all lines of business.

Nestor worked for more than 16 years at Vanguard, covering mutual funds, exchange-traded funds, institutional markets, and managing strategy and business development. He then spent over a decade at Blackrock focusing on the ETF/iShares business, culminating as business head for the iShares Factors segment. Nestor also spent three years as president and head of Direxion Investments, a $30-billion specialty ETF firm, and more than than a year as global senior advisor and CEO of the newly-launched US subsidiary of Qraft Technologies, a Korean-based artificial intelligence firm.

Turing’s core technology is its Hercules System^TM, which replicates the security holdings and portfolio weights of public mutual funds in real time.