Two Sigma has appointed Tom Hill to the newly created role of chairman of its private investment business, which includes Two Sigma Impact, Two Sigma Ventures and Sightway Capital. In his role as chairman, he will be responsible for setting the strategy and growth plans across the company’s current private investment businesses and will lead any expansion of Two Sigma’s private investment business. Hill previously held a consulting role with Two Sigma since early 2019 and recently joined full-time.

Two Sigma began investing in the private markets over a decade ago under the belief that it could successfully bring its disciplined, scientific approach alongside its technology and data science expertise to new investment strategies. As part of Two Sigma, the private investments business has access to expertise in data science, technology, and a range of corporate specialties, and seeks to support their portfolio companies with those resources.

We have known Tom for over 20 years and he has always been a strong advocate for the ability of technology and data to help solve the toughest challenges across financial services, which is core to Two Sigma’s mission,” said David Siegel, co-founder and co-chairman of Two Sigma.

“Our private investments business is an important part of the future of Two Sigma and we are confident in our ability to deliver differentiated returns in private markets under Tom’s leadership,” said John Overdeck, co-founder and co-chairman of Two Sigma.

“Two Sigma has built a business over the past 20 years guided by the principle that data and technology can make us better investors,” said Hill. “I am excited by the opportunity and challenge ahead as we continue to look for ways to accelerate the application of Two Sigma’s data science and technological capabilities across our private investment business.”