Michael Katchen

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This article was considered for deletion at Wikipedia on February 15 2020. This is a backup of Wikipedia:Michael_Katchen. All of its AfDs can be found at Wikipedia:Special:PrefixIndex/Wikipedia:Articles_for_deletion/Michael_Katchen, the first at Wikipedia:Wikipedia:Articles_for_deletion/Michael_Katchen. Purge

Michael Katchen is a Canadian entrepreneur. In 2014 he founded Wealthsimple, an online investment management service focused on millennials.

Life and career

Katchen grew up in Toronto.[1] As an undergraduate student, he attended at the University of Western Ontario, there he studied first two years at Huron University College and last two years at the Ivey Business School. He graduate from Western at 2009 with a HBA degree.[2][3]

Katchen relocated himself at United States to start his career at McKinsey & Company. After that he has also worked for 1000Memories a Silicon Valley-based startup. After Ancestry.com bought 1000Memories in 2012, Katchen did develope a spreadsheet with tips to help his colleagues set up investment portfolios. During this time he developed the idea for Wealthsimple. In 2014, he returned to Toronto and launched the company.[4][5] He won 2016 Ernst & Young Entrepreneur of the Year Award.[6] In 2020 he said that, Wealthsimple will launch a hybrid spending and savings account with no fees that appears to put the online financial advisory platform one step closer to competing with Canada's big banks.[7]