Alternative Investment Exchange (AIX), a financial technology services provider focused on non-traded alternative investments, has hired Michelle Browning as director of sales. In her new role, she will be responsible for securing new relationships with product sponsors, broker-dealers and other investment advisors.
Browning has more than 20 years of financial services experience and has managed relationships across wirehouses, custodians, broker-dealers, transfer agents and advisors.
Prior to joining AIX, she served as vice president of national sales at AI Insight, and has held similar positions at both W. P. Carey and LEAF Financial Corporation. Earlier in her career, Browning served as an internal and external wholesaler for ATEL Securities and has held marketing positions at mutual fund firm Firsthand Funds and Merrill Lynch’s Defined Asset Funds.
“I have been in every wholesaler and national account manager’s shoes and know how complex selling alternative investments can be. With all the paperwork involved in the process, so much could go wrong,” Browning said.
“When I learned AIX wasn’t rekeying in PDFs that must be mailed, imaged or passed from party to party and was making it more efficient for the advisor, broker-dealer, sponsor, custodian, transfer agent and clearing firm to process alternative investment transactions by leveraging pure data and no paper, it was music to my ears.”
Alternative Investment Exchange is an enterprise platform that claims to simplify the process of buying, owning and selling alternative investments. The firm employs more than 30 people and is based in the Philadelphia Navy Yard.