Wells Fargo’s Head of Quant Strategy Explains HPR Deployment
November 16, 2020  WatersTechnology

Wells Fargo’s Quantitative Prime Services division has tapped HPR’s Unimus platform, starting with its market access gateway and risk management tool.

John Leone has spent almost 30 years working on the buy side, most recently at Matthew Tewksbury’s Stevens Capital Management (and Tewksbury Capital Management and Trout Trading Capital Management), where he managed market connectivity, direct market access, and prime brokerage and financing relationships. This is all to say that he knows the needs of a quantitative hedge fund.

In the summer of 2019, he decided to cross the street, joining Wells Fargo as the bank’s head of quantitative strategy for its Corporate and Investment Banking unit. When compared with other Wall Street banks, Wells Fargo has not been as aggressive in the quant-tech investment space, but Leone believes that this offers the group a late-mover advantage. And rather than build, Leone’s three decades of experience led him—and thus the bank—to partner with HPR (formerly Hyannis Port Research).