Ditto Trade Names Paul M. Simons as Chief Executive Officer
24-Year Wealth Management Executive to Lead Premier Social Investing Firm
Chicago, Illinois (PRWEB) January 07, 2013
Ditto Trade, the first online broker to harness the power of social investing by allowing individuals to attach to the actual trades of another, today announced the hiring of Paul M. Simons as the company's CEO.
“We are very excited to have Paul join the Ditto Holdings family", said Joseph Fox, CEO of Ditto Holdings, Inc., parent company of Ditto Trade. “Paul is especially well-suited to recognize the power of Ditto Trade's social investing model and the value that it brings to individual investors.”
"I spent the last 18 months exploring companies looking to innovate around the cross-section of social media, technology, mobile and financial services”, said Simons. “It became clear to me that Ditto Trade is emerging as the winner in this new and dynamic frontier for financial services.”
"With Paul's expertise, leadership, and success over 24-years in Wealth Management", continued Fox, "we will accelerate our momentum by expanding the scope of our services and further delivering our unique value proposition to a broader base of clients."
Added Simons, "Our proprietary cutting-edge technology gives us the opportunity to deliver unprecedented access to a broad range of investment talent. Only Ditto Trade's differentiated model allows investors to choose who, when, and to what extent they want to follow and/or participate in the actual trades of those with whom they have trusted relationships - whether it is more experienced friends or family, professional traders or money managers. This is exciting, it's transformational, and I am thrilled to be a part of an outstanding team."
About Paul M. Simons
Paul is a 24 year veteran of the financial services industry. Most recently he was a Managing Director at Credit Suisse Securities (USA) LLC, where he served as Co-Head of Private Banking USA. Prior to joining Credit Suisse, Paul spent 19 years at Merrill Lynch in various positions across both the Private Client and Investment Banking Divisions. Paul serves on the Board of Directors of Intonation Music Workshop, a nonprofit organization serving inner city youths of Chicago through a unique after school music program. Paul graduated from Duke University in 1987.
About Ditto Trade
Ditto Trade is the premier social investing firm and the only online broker to allow individuals to participate in the actual trades of experienced investors, advisors, and other trusted relationships. With its real-time notification and communication through mobile alerts, Ditto's proprietary technology makes it the first company with a monetization engine for online financial and social media. Ditto Trade has been featured on CNBC and in Fortune, Barron's, USA Today and other publications. Ditto Trade is a member of FINRA and SIPC and is a licensed broker-dealer in all 50 states. http://www.DittoTrade.com
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