The new hire joins the firm from Allianz Global Investors.

Online wealth management firm Scalable Capital has appointed Thiemo Krink as chief investment officer. This is a newly-created role.

The new CIO joins from Allianz Global Investors, where he was the European head of portfolio risk and most recently worked as a portfolio manager for multi-asset, alternative and insurance strategies, the firm said in a statement.

Prior to joining Allianz SE, he was an associate professor of computer science at Aarhus University in Denmark.

Krink will focus on the quantitative-and algorithm-based investment approach of the digital wealth manager, working closely with co-founder and scientific advisor professor Stefan Mittnik, as well as the rest of the management team.

"Thiemo Krink’s profile is a perfect match to what we were looking for. He brings with him a wealth of experience in investment and risk management, a technical and interdisciplinary background as well as a real passion for software development, all of which will help us to further accelerate our growth in the fast-paced financial technology sector", said Adam French, co-founder and chief executive of Scalable Capital.

Scalable Capital has offices in both London and Munich, and has assets under management of over €500 million ($587 million).