Randall Newman
Chief Product Officer at Satisfi Labs- Claim this Profile
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Bio
Experience
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Satisfi Labs
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United States
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Software Development
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1 - 100 Employee
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Chief Product Officer
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May 2022 - Present
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Chief Technology Officer
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Jul 2016 - May 2022
Greater New York City Area Satisfi Labs provides a conversational AI platform for physical locations. Envisioned, designed, and created the Satisfi Labs AI platform. Leads all aspects of design and construction of the core platform. Builds and manages in house development team. Sources and manages off shore development teams. Currently focused on scaling the architecture and integrating with best of breed partners.
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Satisfi Inc.
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United States
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Software Development
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Head of Product
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Nov 2014 - Jun 2016
New York, NY Global head of product and development. Satisfi Inc. is a consumer feedback and issue-resolution SAAS platform that enhances engagement between consumers and businesses.
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COO
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Feb 2012 - Dec 2014
Westport, Connecticut • Cofounded Right On Mobile to generate leads, sales, and app downloads via partnerships with product and service providers. • Designs and manages all workflow, development, and integration. Engineered Right On Mobile infrastructure by establishing efficient workflows facilitated by custom applications and 3rd party products and services. • Envisions and creates custom applications. Streamlined campaign creation by developing a system specifically designed for marketing on mobile… Show more • Cofounded Right On Mobile to generate leads, sales, and app downloads via partnerships with product and service providers. • Designs and manages all workflow, development, and integration. Engineered Right On Mobile infrastructure by establishing efficient workflows facilitated by custom applications and 3rd party products and services. • Envisions and creates custom applications. Streamlined campaign creation by developing a system specifically designed for marketing on mobile networks. Resulted in a 70% reduction in time to publish for targeted campaigns. • Analyzes data and creates automation to serve strategy objectives. Created a custom system called Right On Performance to data mine activity patterns on 50+ observable variables related to mobile traffic. Enables precise and effective targeting in competitive market segments. • Sources and manages talent for technology development efforts including outsourced projects in U.S., India, and the Philippines. • Works closely with partner/CEO on strategic planning and new initiatives for continued growth and success. Expanded scope of company to include desktop marketing in 2014. • Works with several 3rd party products and services including HasOffers, Cake, CPV Lab, Magento, InfusionSoft, Aweber, Sengrid, and Unbounce. • Right On Mobile earned 100+% return on capital in first year of operation. Show less
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CIBC Capital Markets
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Capital Markets
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700 & Above Employee
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Managing Director - US Strategic Risk
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2010 - 2012
New York, NY • Managed US region’s proprietary trading business which included index arbitrage, ETF arbitrage, statistical arbitrage, merger arbitrage, equity long short and pairs trading. • Directed trading and technology teams. Defined and executed on overall strategic direction, performance, risk, compliance, financing, capital allocation. Led process and technology design and development. • Reorganized US team and strategies to align with modified risk/return and capital usage parameters.… Show more • Managed US region’s proprietary trading business which included index arbitrage, ETF arbitrage, statistical arbitrage, merger arbitrage, equity long short and pairs trading. • Directed trading and technology teams. Defined and executed on overall strategic direction, performance, risk, compliance, financing, capital allocation. Led process and technology design and development. • Reorganized US team and strategies to align with modified risk/return and capital usage parameters. Resulted in the expansion of merger arbitrage team, launch of new equity long short and pairs trading strategies, and completely redesigned Index and ETF arbitrage strategy. • Sourced, hired, and managed portfolio managers, traders, analysts and technologists across these strategies: index arbitrage, merger arbitrage, equity long-short, and statistical arbitrage. • Led effort to migrate strategies from the firm’s internal platform to an external prime broker platform. Designed and delivered a streamlined infrastructure to enable turn-key implementation of new strategies. • Developed strategy to reposition trading business into an alternative investment management platform that would comply with financial reform.
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Member US Management Committee
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2005 - 2012
New York, NY • Committee comprised of select senior business leaders from the U.S. region and charged with governance, oversight and strategic direction of the US based businesses.
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Managing Director - US High Frequency Trading
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2004 - 2010
New York,NY • Created US high frequency group to build on the success of the index arbitrage operation. Added and expanded on several strategies including micro-structure arbitrage, global statistical arbitrage, and ETF arbitrage. • Actively traded index arbitrage book and directly managed trading teams. Achieved strong returns in all years managing asset levels as high as $12B and averaging $5B. Generated record returns in 2008 and 2009 during the height of financial crisis, doubling annual… Show more • Created US high frequency group to build on the success of the index arbitrage operation. Added and expanded on several strategies including micro-structure arbitrage, global statistical arbitrage, and ETF arbitrage. • Actively traded index arbitrage book and directly managed trading teams. Achieved strong returns in all years managing asset levels as high as $12B and averaging $5B. Generated record returns in 2008 and 2009 during the height of financial crisis, doubling annual revenue in each year. • Managed software engineering team through ongoing development of custom platform for high volume and low latency trading. • Designed and built working prototypes of trading system to be used as specifications for arbitrage applications. Resulted in an increase in comprehension of business specifications by systems developers and reduced time to market for sophisticated applications. • Expanded US focused statistical arbitrage strategy to a global footprint resulting in a 24 hour trading enterprise active in 12 countries. • Leveraged team’s high speed trading platform by deploying a sophisticated high frequency trading strategy called micro-structure arbitrage. Recruited portfolio manager and implemented strategy within 6 months exceeding profit expectations. • Built and managed multi index and ETF tracking system, analytics tool sets, and models used for portfolio management, pre-market open positioning, and intraday trading. • Envisioned, developed and delivered securities lending application to improve data flow to and from internal trading desks reducing turn-around time to rebalance secured funding on 2500 positions from days to hours.
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Executive Director - Index Arbitrage
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1998 - 2004
New York, NY • Co-founder of index arbitrage business at CIBC. Initially focused on technology and infrastructure development and evolved to a hybrid role with the majority of effort geared towards trading the index arbitrage books. • Led creation of all elements of trading and post trade platform including real-time trading analytics, risk models, execution technology, front, middle and back office processing and regulatory reporting. • Traded S&P 500, Nasdaq 100, Dow 30, Russell 1000… Show more • Co-founder of index arbitrage business at CIBC. Initially focused on technology and infrastructure development and evolved to a hybrid role with the majority of effort geared towards trading the index arbitrage books. • Led creation of all elements of trading and post trade platform including real-time trading analytics, risk models, execution technology, front, middle and back office processing and regulatory reporting. • Traded S&P 500, Nasdaq 100, Dow 30, Russell 1000, Russell 2000 and Mid Cap Index Arbitrage. • Developed total return swap facility and designed, coded, and traded VWAP algorithms on basket portfolios for external CIBC clients. • Desk was consistently ranked as one of the top Index Arbitrage desks as per the NYSE program trading report.
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Director - Equity Arbitrage
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1995 - 1998
New York, NY • Desk programmer/analyst and convertible bonds arbitrage trader. • Developed and delivered bond and options pricing models and traded Convertible Bond Arbitrage in the European and Asian markets.
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Education
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Lehigh University
BS, Industrial Engineering