The name Pythiania is a portmanteau made of Pythia and the Shwahili word nia (intention - purpose - mind). Pythia was the high priest of the Apollo temple in Delphi, also known as the oracle of Delphi. The world of compliance and surveillance is full of false positives and ambiguous regulation, so many of us would welcome a true oracle navigating regulatory risk. At the heart of an oracle is the process of communication, an exchange between sender and recipient. By mastering communication, gathering insight and having an integrous ’nia’ we shape the future. The people below work on a future that we believe is a better place to be.


Carl-Frederik Scharffenorth Carl-Frederik Scharffenorth Carl-Frederik Scharffenorth

Carl-Frederik Scharffenorth

CEO of Pythiania AG

Carl-Frederik (aka Calle) is the CEO and founder of Pythiania AG. He holds a MSc in economics from the University of Bonn, the Certificate in Quantitative Finance (CQF) and is a certified exchange trader. He has more than two decades of professional experience in capital market regulation and trade surveillance. He has a deep technical understanding and if time allows coding makes him still happy. Before Pythiania he ran his own consultancy, which proved to him that by just consulting others the core inefficiencies of our current regulatory and technical setup won’t be overcome. Before that he was Vice President Trading Surveillance at Deutsche Boerse. In his role at Deutsche Boerse he was active and also led the Intermarket Surveillance Group (ISG). The experience of international cooperation and collaboration within the ISG is to him a founding principle for Pythiania. Colleagues describe him as a strategic, inspirational, driven and eccentric thinker who is well aware of the bias in human behavior and the importance of accounting for it in doing business.

Michael Zollweg, Attorney at law. Michael Zollweg, Attorney at law.

Michael Zollweg, Attorney at law.

Chairman of the Supervisory Board.

Michael Zollweg is the Chairman of the Supervisory Board of Pythiania AG. Michael is a trained banker, certified exchange trader and lawyer. He has more than 30 years of professional experience in capital market regulation, compliance and trade surveillance. He served as compliance officer for international banks and brokers for 8 years and headed the Trading Surveillance Office of the Frankfurt Stock Exchange and the derivatives exchange Eurex for more than 20 years. Before establishing himself as a attorney at law he was a senior consultant for regulatory issues at Deutsche Börse Group.

Dr. Christian Häcker Dr. Christian Häcker Dr. Christian Häcker

Dr. Christian Häcker

Member of the Supervisory Board

Christian is on the Supervisory Board of Pythiania AG. Besides that Christian is Head of Technology and Operations AM at Oerlikon. Before joining Oerlikon AM, Christian acted as consultant for various international market leaders establishing their engineering, their business and market launch strategies. He also spent nearly 10 years as a management and technology consultant at TCW in Munich as a Head of Practice for Operations and Post-Merger Integration. Christian has a degree in mechanical engineering and business administration degree from the University of Applied Sciences, Darmstadt as well as a PhD in business administration from the Technical University of Munich. Prior to his formal studies, he spent 5 years in software development.

Dr. Sebastian Sierra Barra Dr. Sebastian Sierra Barra

Dr. Sebastian Sierra Barra

Member of the Supervisory Board

Sebastian is on the Supervisory Board of Pythiania AG. Besides that Sebastian is Professor of Organizational Development at the Evangelische Hochschule Berlin. He studied social sciences in Frankfurt am Main and did his PhD in media and cultural anthropology on the topic of 'digital practices'. He has been a research assistant, PhD representative, worked part-time as a pianist, diamond salesman, been active in political and anti-racist networks, and as an independent consultant. Today, the focus of his work includes the co-evolution of bio-socio-technical systems, digitalization, democracy and technology, migration, transnationalization and urbanization. Thinking in disciplines is becoming increasingly difficult for him.

Maureen Jensen Maureen Jensen Maureen Jensen

Maureen Jensen

Member of the Advisory Board

Maureen is a corporate director, holds the ICD.D board designation and P.Geo designation for professional geoscience and has a Doctor of Laws (Honoris Causa). She has over 40 years of business and executive experience in the Canadian Capital Markets and public company executive management. She has led regulatory surveillance, compliance and enforcement teams in the equity markets for over 20 years at the Exchange, SRO and Securities Commission levels. She is currently serving on two public boards and serves on two NFP boards.

Marcelo Deschamps d'Alvarenga Marcelo Deschamps d'Alvarenga

Marcelo Deschamps d'Alvarenga

Member of the Advisory Board

Marcelo is founding partner at MD8 Consulting. He is an expert with over 25 years of experience in securities markets and banking regulation and market supervision with 18-year experience as a regulator at Banco Central do Brasil and B3 Market Supervision-BSM. Marcelo was a former Member of the Board of Self-Regulation at AMBIMA - Brazilian Association of Financial and Capital Market Entities. Marcelo is also Member of the Board of Directors of Gavea Angels, the oldest angel investment group in Brazil, responsible for Fintechs and RegTechs and member of the Training Committee of the Institute of Corporate Governance in Panama. Marcelo is Military Engineer from IME - Instituto Militar de Engenharia with MBA in Finance from COPPEAD/UFRJ and IBMEC-RJ. He has specialization in Corporate Governance, Derivatives and Securities Regulation, Enforcement and Market Oversight Regulation at the US SEC, CFTC and European Central Bank. Certified in Fintech and Artificial Intelligence from CFTE - Centre for Finance, Technology and Entrepreneurship – London, Digital Economy at Latin America and Caribean from IADB, Compliance Management in Money Laundering Risk Prevention Systems from UNESCPA and Corporate Governance from IBGC- Institute of Corporate Governance of Brazil.

Simon Hargreaves Simon Hargreaves Simon Hargreaves

Simon Hargreaves

Member of the Advisory Board

Simon was an equity market maker and prop trader for 26 years at BZW and ABN AMRO, followed by 10 years at the Financial Conduct Authority. At the FCA he ran the Market Monitoring Department which has responsibility for detecting and investigating market abuse and for supervising the STOR regime under the Market Abuse Regulation. Since retiring in 2020, he is continuing to be involved in the markets through independent consultancy and advisory roles.

Hanno Klein Hanno Klein

Hanno Klein

Member of the Advisory Board

Hanno is Senior Standards Advisor and the founder of FIXdom – The Wisdom of FIX, specialized in standards for electronic interfaces. For more than 10 years, Hanno has been the EMEA co-chair of the FIX Global Technical Committee and member of the FIX Global Steering Committee. The FIX Trading Community develops and maintains free and open standards for the pre-trade, trade, and post-trade area in the financial industry. This includes standards for market data, reference data, and regulatory reporting. Before becoming an independent consultant in early 2019, he worked for more than 20 years in different roles at Group Deutsche Börse, including 5 years in Chicago, USA, building up a subsidiary of Deutsche Börse Systems to provide operational support for the alliance between the derivatives exchanges CBOT and Eurex (a/c/e). Hanno has a Diploma in computer science from the Johann Wolfgang Goethe-University in Frankfurt am Main, Germany.

Kelvin Koh Kelvin Koh Kelvin Koh

Kelvin Koh

Member of the Advisory Board

Kelvin has been Head of Surveillance since June 2011, reporting directly to the Chief Executive Officer of SGX Regulation Company Limited. Kelvin oversees the surveillance and investigation functions for SGX’s securities and derivatives markets. He joined SGX in 2000 and has held positions including Team Leader of the securities surveillance team and Team Leader of the derivatives surveillance team. Kelvin holds a Bachelor of Business (Honours), with a major in Financial Analysis, from Nanyang Technological University.

Jim Moran Jim Moran

Jim Moran

Member of the Advisory Board

Jim has 30+ years of experience as a Regulatory Professional in the derivatives industry. Jim spent the bulk of his career at CME Group, working a variety of staff and management roles in the Market Regulation Division. Jim headed the Investigations and Enforcement Unit for several years before taking on a role as Global Head of Regulatory Technology and Strategy in Market Regulation. In that role, Jim led the systems team that developed and adapted CME’s market surveillance systems for electronic trading which included book reconstruction, alerting, and market abuse detection. Jim also made important contributions to many of CME’s strategic development projects including the mergers with the CBOT and NYMEX, the development of OneChicago, and the creation of CME Swap Execution Facility and CME Swap Data Repository. Jim has B.S. and M.A. degrees from DePaul University and an MBA from the J.L. Kellogg Graduate School of Management. He was a board member of CME’s PAC, and has served on many industry groups including the Intermarket Surveillance Group, The Joint Compliance Committee, The CFTC Technology Advisory Committee, and the board of the FIA Operations Americas Division.

Joakim Strid Joakim Strid Joakim Strid

Joakim Strid

Member of the Advisory Board

Joakim is based in Stockholm and works as an advisor with regards to capital markets regulation, listing processes and corporate governance. He is a member of the Disciplinary Committee for Nasdaq Stockholm and of the Swedish Securities Council. Joakim spent 13 years with Nasdaq, heading up the surveillance function for its European marketplaces.

Andras Szell Andras Szell

Andras Szell

Member of the Advisory Board

Andras currently is a principal at ION Group, specializing in risk management and pricing analytics. He has over 15 years of experience in risk management and has developed numerous financial tools for asset optimization and exotic products at ION Group and previously at Allegro and MSCI. Recently, he has been focusing on client consultation and specialist software development. He started his financial career as a quant at Morgan Stanley. Prior to that, Andras worked in academia, primarily researching galaxy and black hole dynamics. He still is a keen astronomer and an enthusiastic university lecturer in physics, especially in relativity theory. Andras is an ex- water polo player, and plays in a local senior club. He has three children and spends most of his free time with his family.

Nicolas Nonnenmacher Nicolas Nonnenmacher Nicolas Nonnenmacher

Nicolas Nonnenmacher

Member of the Advisory Board

Nicolas has worked for more than 15 years in the financial sector in senior positions in corporate communications, marketing and public affairs. At Deutsche Börse and Deutsche Bank, he has on several occasions successfully positioned business areas, their protagonists, brands and products with clients and the public. He has also covered various compliance topics e.g. in the field of stock exchange trading, securities settlement and custody, trade finance and payments processing. Nicolas holds a Master's degree in Theater, Film and Media Studies from Johann Wolfgang Goethe University, Frankfurt, and an Executive MBA from Goethe Business School, Frankfurt, in alliance with Duke University, North Carolina.