Christophe Reech is the chairman of Reech Corporations Group and Odysseus Alternative Ventures. He is an experienced entrepreneur with a significant track record of success in establishing and growing innovative businesses in the fields of real estate, financial derivatives and financial technology. Having started his career as a derivatives trader at Paribas, the French wholesale bank, where he was able to put his academic training in advanced mathematics and applied physics to good use, he established a series of wholesale financial businesses on behalf of Commerzbank, the German universal bank, and then with Nikko of Japan, which he sold out of, before going on to set up one of the first Fintech Europe businesses, Reech Capital which he later sold to Sunguard of the US. He has since reorganised his own business interests in order to create a platform on which to develop innovative businesses in his chosen fields of real estate, technology and financial services. Recent initiatives include the creation of Stone, Estate Swiss, a Swiss real estate fund, and Odysseus Alternative Ventures, through which, Reech is able to apply both his deep sector knowledge and his first hand experience in creating and nurturing successful businesses to the complex tasks of identifying the next generation of pioneering businesses and supporting them through the critical early stages of their development.
Wealthtech is currently focusing on the investing strategies but are now shifting on to "performing" said Cristophe. He also mentions "there is a demand for data to know what exactly the audience want".
Tim had the opinion that "robos are struggling for a customer base and are only a product".
Graham supported this opinion suggesting that robos need to offer something in addition such as education or advice to improve accessibility to invest.
"Personal savings in the UK is much lower than that in Australia and Singapore who are forced to put 10-15% of their income in to an ISA", Graham added.