March 2023: Axyon AI, a leading AI provider for the asset management industry, today announces the appointment of Mr. Massimo Tosato as an Advisory Committee member.
Harnessing his extensive experience in the asset management and fintech industries, and as an entrepreneur himself, Mr. Tosato will join Axyon AI’s committee to support the Italian AI fintech with its growth and development.
Axyon AI provides asset managers with superior and accurate AI and deep learning predictive solutions to enhance their investment strategies’ performance by accessing robust AI-powered forecasts and AI-based strategies. The company announced the completion of its € 1.6 million funding round led by the Fondo Rilancio Startup (Relaunch Start-up Fund), managed by CDP Venture Capital SGR, with ING, UniCredit, Geminea and Metes as co-investors in July 2022. It collaborates closely with the renowned AI and computer sciences faculty at the University of Modena and Reggio Emilia.
Mr. Tosato brings with him a wealth of experience, after holding a number of senior roles within Schroders PLC, including Chief Executive at Schroder Investment Management Ltd, and Executive Vice Chairman at Schroders PLC. An entrepreneur, Mr. Tosato has also founded several successful companies, including investment banking and private wealth management boutique firm Cominvest-Compagnia Internazionale di Investimenti. In the not-for-profit sector, he served for 30 years on the board of Columbia University’s Business School, in New York City. He currently serves as Chairman of the Board at M&G Group Ltd, M&G Investment Management and M&G Alternative Investment Management, and as non-Executive Director of the London-listed M&G PLC.
Daniele Grassi, CEO of Axyon AI, comments: “We are proud to announce the appointment of Massimo Tosato. He is an industry reference, and his combined expertise in both asset management and entrepreneurial ventures will be a great addition for us as we continue to expand on an international scale.”
On being appointed as an advisory member, Mr. Massimo Tosato comments: “I’m delighted to be able to support this impressive young company. AI has an incredible potential to improve results and consistency of performances and has proven to be a crucial ally to the evolution of Asset Management.