Cerberus Taps Afshar For Top AI Post In Big Data Push

Oct 23 2017 | 6:24pm ET

Global alternative investment manager Cerberus Capital Management’s operations and advisory affiliate has named former J.P. Morgan executive Afsheen Afshar to the post of chief artificial intelligence officer.

In his new role, Afshar will lead the development of a proprietary operations platform focused on artificial intelligence and machine learning, the company said in a statement.. Specifically, the new platform will identify opportunities to leverage data and analytics to drive operational improvement, enhance decision-making, and create automated business insights for Cerberus' trading businesses and its portfolio companies. Based in New York, the position is new and will be effective November 20. 

Afshar joins Cerberus’s operations affiliate from J.P. Morgan, where he was chief data science officer, responsible for data science efforts for the entire corporate and investment bank. Beforehand, he was a managing director at Goldman Sachs where he led data science and machine learning teams that worked across multiple businesses. He holds dual-doctorate degrees (MD and PhD) from Stanford University. 

New York-based Cerberus Capital Management was co-founded by Steve Feinberg and William Richter in 1992. The company has become one of the world's leading private investment firms, with more than $30 billion under management invested across three complementary strategies: global credit opportunities (which includes non-performing loans, corporate credit & distressed debt, mortgage securities & assets, and direct lending); private equity; and real estate. 

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