Cyrus Fazel
Cyrus Fazel
Cyrus Fazel is an information technology guru with more than 10 years experience in algorithmic trading and asset management. He is the co- founder and Chief Executive Officer of Swissborg, an established blockchain investment platform that was able to raise 50M CHF in its latest Initial Coin Offering (ICO).[19]
Personal
Cyrus Fazel is originally from Iran and is also of Swiss-German descent. He spent the majority of his childhood across different countries from France to United States, to Eastern Europe and he also had spells in Switzerland. As a young man he was optimistic that the spread of decentralized new trends was one that would refine the state of the world. [18]
Being born in San Francisco, New York was one factor that helped his exposure to the ordeal of technology and capital market, granting him a proper hold on these areas. He was fascinated with video games and had an inclination to the digital world:
“I was deeply in love with everything digital, and was constantly playing Atari and Nintendo video games.
Back then, we were all hoping that flying cars would emerge and we understood that technology would change everything and take over the world.”
Before Fame
Cyrus Fazel like many other youths his age was at a point in time in love with dancing, he took special interests in break-dancing and Hip hop, but there were challenges as mixtapes in those days were scarce and very difficult if not impossible to find at that point in France. Napster was introduced at this point; it was a platform that gave access to peer to peer music founded by Sean Parker Facebook cofounder and billionaire. His previous knowledge and exposure to the basics of P2P programs (Kazaa and Gnutella) would help him later on as he was able to easily access music, videos, books and other programs by hacking. [17]
Career
Cyrus Fazel started out his career working in Eastern Europe, but had to relocate towards Geneva in Switzerland due to his knack for the financial markets. During this course he came to an understanding of the importance of customization and being excellent in the business [23] world today, seeing them as factors that have helped propelled the Ultra high-net-worth individuals to the forefront. Due to the feeling of not being fulfilled and his interest in the technology world not being sufficient he later left and got employed with Fort LP which was a Hedge fund. They operated solely on basic managerial investment mandate principles like risk management, market data analysis, management of portfolio and also automation all of these done with the aid of algorithms. [16]
“Managing investment mandates was a strong passion, but I’ve realized that to be efficient you need a vast amount of resources (team, data, systems) or some kind of way to automate tasks.”
Swissborg
With years of experience in both quantitative and qualitative investment he had become a fan of Peer-to-peer platforms and this was the foundation for the creation of Swissborg (CHSB) Cryptocurrency in June 2015. Operational on blockchain technology it is a crypto wealth management platform that gives access to stakeholders and members the opportunity to be rewarded for their contribution to the growth and development of the platform as a community. Such contribution was unanimously reached by the means of voting. At Swissborg every individual is seen as an integral part of the project, service is offered in the best possible way to individual customers. [21]
Strategy and overseeing of the project have been made better by the use of Artificial intelligence and automation: [22]
“Holding Bitcoins for some time and getting more familiar with smart-contracts, we finally realized that the solution was lying there.
Blockchain would enable us to have the maximum reach and accessibility we required where Tokens would enable us to create any tailor-made investment mandate with no cost and intermediaries.”