Duco, an SaaS provider of AI-powered data automation, has named Michael Chin as CEO with immediate effect. He succeeds the company’s founder Christian Nentwich, who steps down as CEO after a tenure of over 10 years but remains as a board member. Duco was acquired by Nordic Capital in 2021 and has since accelerated growth and expansion.
Chin joins Duco with an impressive track record. He previously served as CEO of Broadway Technology and led the company through two years of revenue and profitability growth culminating in the sale of Broadway to Bloomberg. Prior to Broadway, Chin served as managing director, global head of trading at Refinitiv, where he oversaw the company’s pre-trade desktop, execution platforms, real-time data, and analytics.
He says: “Duco is strongly positioned at the intersection of data, automation and AI, all major growth areas particularly in financial services and insurance. With strong backing from Nordic Capital, a great team, a well-liked platform, first-class products and a stellar customer base, Duco’s future is bright. I am looking forward to seeing the company reach its full potential.”
On handing over the Duco CEO role to Chin, Nentwich, said in a post on LinkedIn: “After more than 10 years in the CEO seat, it is time. I am handing over as CEO of Duco to Michael Chin. It has taken us a while to find a great person who shares our values, and in Michael we have found an amazing operator with a great track record. I’m not going anywhere – I am staying in the company working on some top secret stuff with our customers.”
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